Mattel, Inc. (NASDAQ:MAT) had its target price boosted by Monness Crespi & Hardt from $22.00 to $27.00 in a research note released on Wednesday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on MAT. UBS AG reiterated a buy rating and set a $26.00 price objective (down from $29.00) on shares of Mattel in a research report on Wednesday, June 21st. SunTrust Banks, Inc. reiterated a hold rating and set a $17.00 price objective (down from $22.00) on shares of Mattel in a research report on Tuesday. Stifel Nicolaus reiterated a hold rating on shares of Mattel in a research report on Thursday, August 3rd. BidaskClub cut shares of Mattel from a hold rating to a sell rating in a research report on Saturday, August 5th. Finally, Jefferies Group LLC reiterated a hold rating and set a $19.00 price objective on shares of Mattel in a research report on Monday, June 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Mattel currently has a consensus rating of Hold and an average price target of $23.57.

Mattel (NASDAQ:MAT) traded up 0.77% on Wednesday, reaching $15.74. 7,047,546 shares of the company traded hands. The stock has a 50-day moving average price of $15.58 and a 200-day moving average price of $20.05. Mattel has a 52-week low of $14.35 and a 52-week high of $33.23. The firm has a market cap of $5.39 billion, a P/E ratio of 22.58 and a beta of 0.86.

Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The firm had revenue of $974.50 million during the quarter, compared to analyst estimates of $972.36 million. Mattel had a net margin of 4.51% and a return on equity of 11.62%. Mattel’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Analysts anticipate that Mattel will post $0.76 earnings per share for the current fiscal year.

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In other Mattel news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of the stock in a transaction on Tuesday, August 1st. The shares were purchased at an average price of $19.61 per share, for a total transaction of $248,262.60. Following the completion of the acquisition, the chief executive officer now owns 116,788 shares in the company, valued at approximately $2,290,212.68. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. W. E. Donoghue & Co. LLC purchased a new stake in shares of Mattel in the second quarter valued at about $16,631,000. Sentry Investment Management LLC raised its holdings in shares of Mattel by 0.3% in the second quarter. Sentry Investment Management LLC now owns 25,759 shares of the company’s stock valued at $555,000 after purchasing an additional 67 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Mattel by 25.0% in the second quarter. Toronto Dominion Bank now owns 116,042 shares of the company’s stock valued at $2,498,000 after purchasing an additional 23,236 shares during the last quarter. Schafer Cullen Capital Management Inc. raised its holdings in shares of Mattel by 26.6% in the second quarter. Schafer Cullen Capital Management Inc. now owns 42,182 shares of the company’s stock valued at $908,000 after purchasing an additional 8,865 shares during the last quarter. Finally, National Asset Management Inc. purchased a new stake in shares of Mattel in the second quarter valued at about $213,000. Institutional investors own 93.81% of the company’s stock.

Mattel Company Profile

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.

Analyst Recommendations for Mattel (NASDAQ:MAT)

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