Mattel, Inc. (NASDAQ:MAT) Given Average Rating of “Hold” by Analysts

Mattel, Inc. (NASDAQ:MAT) has been given an average rating of “Hold” by the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $22.63.

A number of research firms have recently issued reports on MAT. Bank of America upped their price target on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Citigroup increased their price objective on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Roth Mkm reiterated a “neutral” rating and issued a $21.00 price objective on shares of Mattel in a research report on Wednesday, April 24th. StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, DA Davidson reiterated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research report on Monday, July 22nd.

Insiders Place Their Bets

In other news, insider Steve Totzke sold 45,216 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $18.90, for a total value of $854,582.40. Following the sale, the insider now directly owns 101,902 shares in the company, valued at $1,925,947.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Steve Totzke sold 45,216 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $18.90, for a total value of $854,582.40. Following the sale, the insider now directly owns 101,902 shares in the company, valued at $1,925,947.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the completion of the sale, the executive vice president now owns 106,086 shares in the company, valued at $1,997,599.38. The disclosure for this sale can be found here. Insiders have sold 90,533 shares of company stock worth $1,709,321 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Mattel

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital International Investors raised its stake in Mattel by 4.6% in the first quarter. Capital International Investors now owns 19,231,375 shares of the company’s stock valued at $380,974,000 after buying an additional 845,368 shares in the last quarter. Ariel Investments LLC raised its stake in Mattel by 0.7% in the first quarter. Ariel Investments LLC now owns 15,583,293 shares of the company’s stock valued at $308,705,000 after buying an additional 112,786 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Mattel by 1.6% in the first 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. Victory Capital Management Inc. raised its stake in Mattel by 12.9% in the fourth quarter. Victory Capital Management Inc. now owns 7,541,422 shares of the company’s stock valued at $142,382,000 after buying an additional 861,638 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Mattel by 21.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,039,571 shares of the company’s stock valued at $76,272,000 after buying an additional 716,558 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Price Performance

NASDAQ:MAT opened at $19.27 on Tuesday. Mattel has a 12 month low of $15.87 and a 12 month high of $22.44. The stock has a 50 day moving average of $17.24 and a two-hundred day moving average of $18.32. 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 firm has a market cap of $6.63 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 1.26 and a beta of 0.86.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. On average, analysts expect that Mattel will post 1.42 earnings per share for the current fiscal year.

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.