Analysts Set Mattel, Inc. (NASDAQ:MAT) PT at $23.75

Mattel, Inc. (NASDAQ:MAT - Get Free Report) has earned a consensus rating of "Hold" from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $23.75.

Several research analysts have issued reports on the stock. StockNews.com downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on Mattel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Bank of America boosted their price target on Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Morgan Stanley increased their price objective on Mattel from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group boosted their target price on Mattel from $18.25 to $20.00 and gave the company a "hold" rating in a report on Tuesday, October 1st.

Mattel Stock Up 0.3 %

Shares of MAT traded up $0.05 during mid-day trading on Friday, reaching $17.86. The company's stock had a trading volume of 14,453,369 shares, compared to its average volume of 3,237,248. The stock has a market cap of $6.02 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76. Mattel has a 12-month low of $15.87 and a 12-month high of $20.59. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. The company's 50 day moving average is $19.00 and its 200 day moving average is $18.49.

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 the consensus estimate of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. Mattel's revenue for the quarter was down 3.9% on a year-over-year basis. Equities analysts anticipate that Mattel will post 1.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Barington Capital Group L.P. lifted its stake in shares of Mattel by 25.3% during the 2nd quarter. Barington Capital Group L.P. now owns 595,000 shares of the company's stock worth $9,675,000 after purchasing an additional 120,000 shares during the period. Citigroup Inc. increased its stake in Mattel by 449.9% during the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company's stock worth $5,562,000 after buying an additional 238,884 shares during the period. FORA Capital LLC acquired a new stake in shares of Mattel during the third quarter valued at about $1,003,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Mattel by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company's stock worth $81,222,000 after acquiring an additional 114,305 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Mattel in the second quarter worth about $312,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

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.