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

Shares of Mattel, Inc. (NASDAQ:MAT - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $23.75.

MAT has been the topic of several research reports. Jefferies Financial Group upped their target price on Mattel from $18.25 to $20.00 and gave the company a "hold" rating in a research report on Tuesday, October 1st. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a research report on Thursday, January 2nd. DA Davidson reissued a "buy" rating and issued a $27.00 target price on shares of Mattel in a research report on Thursday, October 24th. Bank of America raised their price target on shares of Mattel from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Monday, October 21st.

Institutional Investors Weigh In On Mattel

A number of large investors have recently modified their holdings of the business. Pacer Advisors Inc. lifted its stake in Mattel by 20,152.4% in the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company's stock valued at $178,783,000 after purchasing an additional 10,940,943 shares during the last quarter. State Street Corp grew its position in Mattel by 3.1% during the 3rd quarter. State Street Corp now owns 10,517,270 shares of the company's stock worth $200,354,000 after acquiring an additional 318,125 shares during the last quarter. Franklin Resources Inc. increased its holdings in Mattel by 84.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock worth $176,757,000 after purchasing an additional 4,270,162 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Mattel by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company's stock valued at $119,862,000 after purchasing an additional 27,204 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Mattel by 0.3% during the third quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company's stock valued at $116,896,000 after purchasing an additional 17,309 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Stock Performance

Shares of Mattel stock traded down $0.24 during trading on Tuesday, hitting $18.18. 2,854,170 shares of the stock were exchanged, compared to its average volume of 2,642,748. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The company has a fifty day moving average price of $18.63 and a 200-day moving average price of $18.60. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 0.97 and a beta of 0.75. Mattel has a 1-year low of $15.87 and a 1-year high of $20.59.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period last year, the firm posted $1.08 earnings per share. The business's revenue was down 3.9% on a year-over-year basis. As a group, equities analysts predict that Mattel will post 1.46 EPS for the current fiscal year.

Mattel Company Profile

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.