Mattel, Inc. (NASDAQ:MAT - Get Free Report)'s share price hit a new 52-week low on Thursday . The company traded as low as $14.06 and last traded at $15.86, with a volume of 9347818 shares traded. The stock had previously closed at $14.69.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on MAT. DA Davidson lifted their price objective on Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Morgan Stanley increased their price target on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and lifted their price objective for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Mattel presently has an average rating of "Moderate Buy" and a consensus price target of $25.57.
View Our Latest Stock Analysis on Mattel
Mattel Stock Up 1.8 %
The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The stock has a 50 day simple moving average of $19.79 and a 200 day simple moving average of $19.09. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 2.35 and a beta of 0.51.
Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period in the prior year, the company posted $0.29 earnings per share. As a group, analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Mattel
Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of 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. West Oak Capital LLC raised its position in Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock valued at $35,000 after buying an additional 1,955 shares during the last quarter. TD Private Client Wealth LLC purchased a new stake in Mattel in the 4th quarter valued at $51,000. Quarry LP boosted its holdings in Mattel by 130.3% during the 4th quarter. Quarry LP now owns 3,148 shares of the company's stock worth $56,000 after acquiring an additional 1,781 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Mattel by 26.6% in the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock worth $63,000 after acquiring an additional 744 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.
Mattel Company Profile
(
Get Free Report)
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.
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