Mattel, Inc. (NASDAQ:MAT) Receives Consensus Recommendation of "Hold" from Brokerages

Mattel, Inc. (NASDAQ:MAT - Get Free Report) has earned a consensus recommendation of "Hold" from the nine research firms that are presently covering the company, Marketbeat.com reports. Five equities research 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 a report on the stock in the last year is $23.75.

Several equities analysts have recently weighed in on MAT shares. Bank of America raised their price target on Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Morgan Stanley raised their price target on Mattel from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. DA Davidson reiterated a "buy" rating and issued a $27.00 price objective on shares of Mattel in a report on Thursday, October 24th. Jefferies Financial Group lifted their price objective on Mattel from $18.25 to $20.00 and gave the stock a "hold" rating in a report on Tuesday, October 1st. Finally, StockNews.com downgraded Mattel from a "buy" rating to a "hold" rating in a report on Thursday, October 24th.

Institutional Investors Weigh In On Mattel

A number of large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Mattel by 1.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company's stock valued at $231,487,000 after buying an additional 180,855 shares in the last quarter. Barington Capital Group L.P. lifted its position 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 valued at $9,675,000 after buying an additional 120,000 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Mattel during the 2nd quarter valued at about $312,000. Van ECK Associates Corp lifted its position in shares of Mattel by 181.0% during the 1st quarter. Van ECK Associates Corp now owns 220,845 shares of the company's stock valued at $4,375,000 after buying an additional 142,266 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Mattel by 292.6% during the 1st quarter. Tidal Investments LLC now owns 83,462 shares of the company's stock valued at $1,653,000 after buying an additional 62,204 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors.

Mattel Stock Up 0.2 %

Mattel stock traded up $0.04 on Thursday, hitting $20.38. 2,903,949 shares of the stock traded hands, compared to its average volume of 3,155,813. Mattel has a 1 year low of $15.87 and a 1 year high of $20.59. The company has a current ratio of 2.58, a quick ratio of 1.81 and a debt-to-equity ratio of 1.18. The business's fifty day simple moving average is $19.02 and its 200 day simple moving average is $18.31. The firm has a market cap of $7.01 billion, a P/E 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 for the quarter, beating the consensus estimate of $0.95 by $0.19. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the company earned $1.08 earnings per share. The company's revenue was down 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that Mattel will post 1.44 earnings per share for the current year.

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.