Mattel (NASDAQ:MAT) Sets New 12-Month High - Still a Buy?

Mattel, Inc. (NASDAQ:MAT - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $21.88 and last traded at $21.83, with a volume of 2331192 shares trading hands. The stock had previously closed at $21.30.

Analysts Set New Price Targets

MAT has been the topic of a number of recent research reports. Bank of America upped their price target on shares of Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Morgan Stanley boosted their price objective on shares of Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. StockNews.com upgraded shares of Mattel from a "hold" rating to a "buy" rating in a research report on Saturday, February 8th. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and boosted their price objective for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mattel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $25.57.

Mattel Trading Up 0.1 %

The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.88 and a current ratio of 2.38. The company's fifty day simple moving average is $18.80 and its 200-day simple moving average is $18.96. The company has a market capitalization of $7.39 billion, a P/E ratio of 13.71, a PEG ratio of 2.32 and a beta of 0.76.

Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the business posted $0.29 EPS. Research analysts predict that Mattel, Inc. will post 1.69 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAT. EverSource Wealth Advisors LLC lifted its position 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 valued at $27,000 after buying an additional 926 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Mattel during the third quarter valued at about $29,000. Prospera Private Wealth LLC purchased a new stake in shares of Mattel during the third quarter valued at about $34,000. West Oak Capital LLC lifted its position in shares of Mattel by 9,775.0% during the fourth 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. Finally, TD Private Client Wealth LLC purchased a new stake in shares of Mattel during the fourth quarter valued at about $51,000. 97.15% of the stock is currently owned by institutional investors.

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.