Mattel, Inc. (NASDAQ:MAT) Given Average Recommendation of "Moderate Buy" by Brokerages

Mattel, Inc. (NASDAQ:MAT - Get Free Report) has received an average rating of "Moderate Buy" from the seven analysts that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $25.57.

MAT has been the topic of several recent analyst reports. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Morgan Stanley increased their target price on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and increased their target price for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, DA Davidson increased their price objective on Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, February 5th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MAT. CIBC Asset Management Inc boosted its stake in shares of Mattel by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 10,962 shares of the company's stock valued at $194,000 after buying an additional 601 shares during the period. Clear Harbor Asset Management LLC grew its holdings in shares of Mattel by 5.5% during the 4th quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company's stock worth $229,000 after purchasing an additional 675 shares in the last quarter. Xponance Inc. increased its position in shares of Mattel by 1.6% in the fourth quarter. Xponance Inc. now owns 46,262 shares of the company's stock worth $820,000 after purchasing an additional 739 shares during the period. GAMMA Investing LLC increased its position in shares of Mattel by 26.6% in the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock worth $63,000 after purchasing an additional 744 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Mattel by 150.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock valued at $27,000 after purchasing an additional 926 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

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Mattel Price Performance

MAT stock traded up $0.44 during midday trading on Friday, reaching $19.87. 2,977,200 shares of the company's stock traded hands, compared to its average volume of 3,380,716. The company has a 50-day simple moving average of $20.32 and a two-hundred day simple moving average of $19.32. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 2.35 and a beta of 0.51. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. Mattel has a 1-year low of $15.87 and a 1-year high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, analysts anticipate that Mattel will post 1.7 earnings per share for the current year.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.