Mattel (NASDAQ:MAT) Price Target Increased to $20.00 by Analysts at Jefferies Financial Group

Mattel (NASDAQ:MAT) had its target price hoisted by Jefferies Financial Group from $19.00 to $20.00 in a research report report published on Friday, Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts have also recently weighed in on MAT. DA Davidson lifted their price target on Mattel from $25.00 to $26.00 and gave the stock a buy rating in a research note on Thursday, February 8th. Roth Capital cut Mattel from a buy rating to a neutral rating in a research note on Thursday, January 4th. StockNews.com upgraded Mattel from a hold rating to a buy rating in a report on Monday, February 26th. Roth Mkm reiterated a neutral rating and set a $20.00 price target (down from $24.00) on shares of Mattel in a report on Thursday, January 4th. Finally, TheStreet lowered Mattel from a b- rating to a c+ rating in a report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $22.13.

Mattel Price Performance

NASDAQ:MAT traded up $0.17 during mid-day trading on Friday, reaching $19.34. 2,942,427 shares of the stock were exchanged, compared to its average volume of 3,201,507. The business has a fifty day moving average price of $18.89 and a 200 day moving average price of $19.53. The firm has a market capitalization of $6.83 billion, a PE ratio of 31.71, a PEG ratio of 1.28 and a beta of 0.95. Mattel has a 1-year low of $16.00 and a 1-year high of $22.64. The company has a current ratio of 2.33, a quick ratio of 1.90 and a debt-to-equity ratio of 1.08.

Mattel (NASDAQ:MAT) last released its earnings results on Wednesday, February 7th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.65 billion. Mattel had a return on equity of 21.25% and a net margin of 3.94%. Mattel’s revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 earnings per share. Research analysts expect that Mattel will post 1.37 earnings per share for the current fiscal year.

Institutional Trading of Mattel

A number of institutional investors and hedge funds have recently modified their holdings of the company. Kinneret Advisory LLC grew its position in Mattel by 2.3% in the first quarter. Kinneret Advisory LLC now owns 23,608 shares of the company’s stock valued at $524,000 after acquiring an additional 528 shares during the period. Fifth Third Bancorp grew its position in Mattel by 23.3% in the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock valued at $64,000 after acquiring an additional 550 shares during the period. Pinebridge Investments L.P. grew its position in Mattel by 30.0% in the second quarter. Pinebridge Investments L.P. now owns 2,425 shares of the company’s stock valued at $47,000 after acquiring an additional 559 shares during the period. Oak Family Advisors LLC grew its position in Mattel by 0.9% in the fourth quarter. Oak Family Advisors LLC now owns 60,189 shares of the company’s stock valued at $1,136,000 after acquiring an additional 559 shares during the period. Finally, Raymond James & Associates boosted its stake in Mattel by 5.3% in the first quarter. Raymond James & Associates now owns 12,092 shares of the company’s stock worth $269,000 after purchasing an additional 604 shares in the last quarter. 93.51% of the stock is currently owned by institutional investors.

Mattel Company Profile

Mattel, Inc, a children's and family 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, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Disney Princess and Frozen, and Polly Pocket brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, and Power wheels brands.