Brokerages Set Mattel Inc (NASDAQ:MAT) Target Price at $17.00

Shares of Mattel Inc (NASDAQ:MAT) have received a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $17.00.

Several research firms have recently issued reports on MAT. DZ Bank lowered Mattel from a “hold” rating to a “sell” rating and set a $46.00 price objective for the company. in a research note on Tuesday, October 29th. UBS Group lowered their price objective on Mattel from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Jefferies Financial Group set a $10.50 price objective on Mattel and gave the company a “hold” rating in a research note on Friday, October 18th. BidaskClub lowered Mattel from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus lowered their price objective on Mattel from $14.00 to $13.50 and set a “hold” rating for the company in a research note on Tuesday, October 1st.

Mattel stock traded up $0.46 during midday trading on Wednesday, reaching $11.62. 5,217,862 shares of the stock traded hands, compared to its average volume of 5,909,774. The stock’s fifty day moving average is $11.51 and its 200-day moving average is $11.32. Mattel has a 12 month low of $9.06 and a 12 month high of $17.26. The stock has a market cap of $4.03 billion, a P/E ratio of -10.19 and a beta of 1.66. The company has a quick ratio of 1.14, a current ratio of 1.60 and a debt-to-equity ratio of 6.30.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.18. Mattel had a negative return on equity of 26.03% and a negative net margin of 4.53%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the company earned $0.18 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts predict that Mattel will post -0.45 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of MAT. Crossmark Global Holdings Inc. raised its holdings in shares of Mattel by 6.6% in the second quarter. Crossmark Global Holdings Inc. now owns 22,160 shares of the company’s stock worth $248,000 after buying an additional 1,370 shares during the period. Retirement Systems of Alabama raised its holdings in shares of Mattel by 179.4% in the second quarter. Retirement Systems of Alabama now owns 449,298 shares of the company’s stock worth $5,037,000 after buying an additional 288,469 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Mattel by 385.2% in the second quarter. Louisiana State Employees Retirement System now owns 88,300 shares of the company’s stock worth $1,056,000 after buying an additional 70,100 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Mattel by 291.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 139,918 shares of the company’s stock worth $1,568,000 after buying an additional 104,207 shares during the period. Finally, Machina Capital S.A.S. purchased a new stake in shares of Mattel in the second quarter worth approximately $68,000.

About Mattel

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.

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Analyst Recommendations for Mattel (NASDAQ:MAT)

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