Mattel, Inc. (NASDAQ:MAT) Receives Average Rating of "Moderate Buy" from Analysts

Mattel, Inc. (NASDAQ:MAT - Get Free Report) has earned an average rating of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Three 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 analysts that have issued ratings on the stock in the last year is $25.57.

Several brokerages have recently commented on MAT. DA Davidson increased their price target on shares of Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. Morgan Stanley increased their target price on shares of Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. StockNews.com cut Mattel from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and upped their price target for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th.

Mattel Stock Up 1.6 %

NASDAQ MAT traded up $0.33 on Wednesday, reaching $21.00. The stock had a trading volume of 2,993,355 shares, compared to its average volume of 3,203,699. The company has a current ratio of 2.38, a quick ratio of 2.00 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. The business has a 50 day moving average price of $19.58 and a 200 day moving average price of $19.18. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 2.35 and a beta of 0.76.

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Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating the consensus estimate 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 previous year, the business posted $0.29 earnings per share. On average, analysts forecast that Mattel will post 1.7 EPS for the current fiscal year.

Institutional Trading of Mattel

Several hedge funds have recently added to or reduced their stakes in MAT. EverSource Wealth Advisors LLC lifted its holdings in shares of Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after buying an additional 926 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Mattel during the 3rd quarter valued at $34,000. West Oak Capital LLC raised its stake in Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock valued at $35,000 after purchasing an additional 1,955 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in Mattel in the 4th quarter worth $51,000. Finally, Quarry LP increased its holdings in shares of Mattel by 130.3% during the 4th quarter. Quarry LP now owns 3,148 shares of the company's stock worth $56,000 after purchasing an additional 1,781 shares during the period. Institutional investors own 97.15% of the company's stock.

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.