Mattel Inc. (NASDAQ:MAT) has been assigned a consensus rating of “Buy” from the nineteen research firms that are currently covering the firm. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $35.48.
MAT has been the topic of a number of recent research reports. Citigroup Inc. increased their target price on Mattel from $36.00 to $38.00 and gave the company a “buy” rating in a report on Monday, August 15th. BMO Capital Markets reissued an “outperform” rating and issued a $40.00 target price on shares of Mattel in a report on Tuesday, October 4th. MKM Partners raised Mattel from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Monday, October 10th. Vetr upgraded Mattel from a “sell” rating to a “buy” rating and set a $36.30 price target for the company in a research report on Monday, August 15th. Finally, Zacks Investment Research upgraded Mattel from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Tuesday, June 21st.
In other news, EVP Geoffrey H. Walker sold 7,128 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $33.57, for a total value of $239,286.96. Following the completion of the sale, the executive vice president now directly owns 39,348 shares of the company’s stock, valued at approximately $1,320,912.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of Mattel by 28.5% in the second quarter. Alps Advisors Inc. now owns 851,254 shares of the company’s stock worth $26,636,000 after buying an additional 188,960 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Mattel during the first quarter worth about $51,966,000. Adage Capital Partners GP L.L.C. raised its stake in shares of Mattel by 3.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 510,142 shares of the company’s stock worth $17,151,000 after buying an additional 16,000 shares in the last quarter. Shell Asset Management Co. raised its stake in shares of Mattel by 9.9% in the second quarter. Shell Asset Management Co. now owns 340,767 shares of the company’s stock worth $10,663,000 after buying an additional 30,576 shares in the last quarter. Finally, HL Financial Services LLC raised its stake in shares of Mattel by 2.8% in the second quarter. HL Financial Services LLC now owns 1,795,493 shares of the company’s stock worth $56,181,000 after buying an additional 49,644 shares in the last quarter. 95.50% of the stock is owned by hedge funds and other institutional investors.
Shares of Mattel (NASDAQ:MAT) opened at 30.10 on Wednesday. The company has a 50-day moving average price of $31.54 and a 200-day moving average price of $32.08. Mattel has a 52-week low of $22.63 and a 52-week high of $34.76. The company has a market cap of $10.25 billion, a P/E ratio of 29.80 and a beta of 0.99.
Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, July 20th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. Mattel had a return on equity of 16.23% and a net margin of 6.17%. The company had revenue of $957.30 million for the quarter, compared to the consensus estimate of $937.85 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. Mattel’s revenue was down 3.1% on a year-over-year basis. On average, equities analysts predict that Mattel will post $1.34 EPS for the current year.
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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