Mattel (NASDAQ:MAT – Free Report) had its target price hoisted by Citigroup from $25.00 to $26.00 in a research note released on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.
Several other brokerages have also weighed in on MAT. Stifel Nicolaus dropped their target price on Mattel from $26.00 to $23.00 and set a buy rating on the stock in a research report on Wednesday, January 24th. Jefferies Financial Group increased their target price on Mattel from $19.00 to $20.00 and gave the stock a hold rating in a research report on Friday, March 15th. DA Davidson increased their target price on Mattel from $26.00 to $27.00 and gave the stock a buy rating in a research report on Wednesday. JPMorgan Chase & Co. lowered Mattel from an overweight rating to a neutral rating and dropped their target price for the stock from $24.00 to $19.00 in a research report on Monday, February 5th. Finally, Morgan Stanley reissued an equal weight rating and set a $19.00 price target (down from $25.00) on shares of Mattel in a report on Wednesday, January 17th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $22.78.
Mattel Stock Up 2.4 %
Shares of Mattel stock traded up $0.45 on Wednesday, hitting $19.18. 6,388,152 shares of the company’s stock traded hands, compared to its average volume of 3,019,770. The stock has a market cap of $6.60 billion, a P/E ratio of 31.44, a PEG ratio of 1.24 and a beta of 0.95. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08. The firm’s 50-day moving average is $19.30 and its 200 day moving average is $19.08. Mattel has a 52-week low of $16.20 and a 52-week high of $22.64.
Mattel (NASDAQ:MAT – Get Free Report) last released its earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.07. Mattel had a return on equity of 21.25% and a net margin of 3.94%. The company had revenue of $809.50 million during the quarter, compared to analysts’ expectations of $833.52 million. During the same period in the prior year, the business posted ($0.24) EPS. The business’s revenue was down .6% on a year-over-year basis. Equities analysts anticipate that Mattel will post 1.37 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of MAT. Norges Bank acquired a new position in shares of Mattel in the 4th quarter valued at $71,256,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Mattel in the 3rd quarter valued at $76,819,000. Capital International Investors boosted its position in shares of Mattel by 7.4% in the 4th quarter. Capital International Investors now owns 18,386,007 shares of the company’s stock valued at $347,128,000 after purchasing an additional 1,272,018 shares during the period. Victory Capital Management Inc. boosted its position in shares of Mattel by 12.9% in the 4th quarter. Victory Capital Management Inc. now owns 7,541,422 shares of the company’s stock valued at $142,382,000 after purchasing an additional 861,638 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Mattel in the 4th quarter valued at $15,642,000. Institutional investors own 97.15% of the company’s stock.
About Mattel
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.