Mattel, Inc. (NASDAQ:MAT - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $20.56 and last traded at $20.51, with a volume of 81146 shares trading hands. The stock had previously closed at $20.34.
Analysts Set New Price Targets
MAT has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Mattel from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. DA Davidson reaffirmed a "buy" rating and issued a $27.00 price target on shares of Mattel in a research note on Thursday, October 24th. StockNews.com cut Mattel from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Jefferies Financial Group lifted their target price on shares of Mattel from $18.25 to $20.00 and gave the stock a "hold" rating in a research note on Tuesday, October 1st. Finally, Bank of America increased their target price on shares of Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $23.75.
Get Our Latest Research Report on MAT
Mattel Stock Performance
The company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18. The firm has a 50-day moving average price of $19.02 and a 200 day moving average price of $18.31. The firm has a market capitalization of $7.01 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 0.99 and a beta of 0.79.
Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.19. The business had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.86 billion. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The business's quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 earnings per share. Research analysts expect that Mattel, Inc. will post 1.44 earnings per share for the current year.
Institutional Investors Weigh In On Mattel
A number of large investors have recently modified their holdings of MAT. Nisa Investment Advisors LLC raised its position in shares of Mattel by 2.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company's stock worth $491,000 after acquiring an additional 693 shares in the last quarter. GAMMA Investing LLC increased its stake in Mattel by 38.3% in the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock valued at $53,000 after purchasing an additional 775 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Mattel by 4.6% during the 1st quarter. Private Advisor Group LLC now owns 19,526 shares of the company's stock worth $387,000 after buying an additional 860 shares during the last quarter. CWM LLC lifted its position in shares of Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company's stock worth $43,000 after buying an additional 1,097 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Mattel by 3.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company's stock valued at $752,000 after buying an additional 1,160 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.
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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