Analysts Set Mattel, Inc. (NASDAQ:MAT) Target Price at $25.57

Shares of Mattel, Inc. (NASDAQ:MAT) have received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $25.57.

Several research analysts have weighed in on the company. Morgan Stanley boosted their price objective on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. DA Davidson boosted their price target on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Bank of America raised their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and raised their price target for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th.

Mattel Stock Performance

Shares of MAT stock opened at $21.94 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 1.88. The firm has a 50-day moving average of $18.80 and a 200-day moving average of $18.96. Mattel has a one year low of $15.87 and a one year high of $22.07. The company has a market cap of $7.39 billion, a P/E ratio of 13.71, a P/E/G ratio of 2.32 and a beta of 0.76.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating 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 period last year, the business posted $0.29 earnings per share. Equities research analysts forecast that Mattel will post 1.69 EPS for the current fiscal year.

Institutional Trading of Mattel

Several hedge funds and other institutional investors have recently modified their holdings of the business. UMB Bank n.a. grew its stake in Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after buying an additional 1,268 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Mattel by 150.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock worth $27,000 after acquiring an additional 926 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Mattel in the third quarter valued at $29,000. Prospera Private Wealth LLC bought a new stake in shares of Mattel during the 3rd quarter valued at $34,000. Finally, West Oak Capital LLC lifted its holdings in Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after purchasing an additional 1,955 shares in the last quarter. 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.