Mattel, Inc. (NASDAQ:MAT) had its target price boosted by equities researchers at Monness Crespi & Hardt from $22.00 to $27.00 in a research note issued on Wednesday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Monness Crespi & Hardt’s target price would suggest a potential upside of 71.54% from the company’s previous close.
MAT has been the subject of a number of other reports. DA Davidson reiterated an “underperform” rating and issued a $14.00 target price (down from $18.00) on shares of Mattel in a report on Tuesday, September 12th. KeyCorp reiterated a “sector weight” rating on shares of Mattel in a report on Thursday, August 31st. BidaskClub upgraded shares of Mattel from a “strong sell” rating to a “sell” rating in a report on Thursday, September 14th. Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 target price on shares of Mattel in a report on Thursday, September 7th. Finally, UBS AG set a $26.00 target price on shares of Mattel and gave the stock a “buy” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $23.57.
Shares of Mattel (NASDAQ:MAT) opened at 15.74 on Wednesday. The stock has a market capitalization of $5.39 billion, a P/E ratio of 22.58 and a beta of 0.86. Mattel has a 52-week low of $14.35 and a 52-week high of $33.23. The stock has a 50 day moving average of $15.58 and a 200-day moving average of $20.05.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, July 27th. The company reported ($0.14) earnings per share 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 the consensus estimate of $972.36 million. Mattel had a net margin of 4.51% and a return on equity of 11.62%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. Analysts predict that Mattel will post $0.76 EPS for the current fiscal year.
In other news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 116,788 shares in the company, valued at $2,290,212.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. W. E. Donoghue & Co. LLC purchased a new stake in Mattel in the second quarter valued at approximately $16,631,000. Sentry Investment Management LLC boosted its position in 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 buying an additional 67 shares during the last quarter. Toronto Dominion Bank boosted its position in 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 buying an additional 23,236 shares during the last quarter. Schafer Cullen Capital Management Inc. boosted its position in 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 buying an additional 8,865 shares during the last quarter. Finally, National Asset Management Inc. purchased a new stake in Mattel in the second quarter valued at approximately $213,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.
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.
What are top analysts saying about Mattel Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Mattel Inc. and related companies.