Mattel (MAT) Price Target Raised to $16.00

Mattel (NASDAQ:MAT) had its target price upped by Barclays from $15.00 to $16.00 in a report released on Monday. The firm currently has an equal weight rating on the stock.

A number of other equities research analysts have also issued reports on the company. BidaskClub lowered Mattel from a hold rating to a sell rating in a research note on Saturday, January 13th. Stifel Nicolaus cut their price target on Mattel from $19.00 to $17.00 and set a hold rating for the company in a research note on Thursday, October 12th. Jefferies Group set a $14.00 price target on Mattel and gave the stock a hold rating in a research note on Tuesday, December 12th. Zacks Investment Research upgraded Mattel from a strong sell rating to a hold rating in a research note on Tuesday, December 26th. Finally, Monness Crespi & Hardt increased their price target on Mattel from $22.00 to $27.00 and gave the stock a buy rating in a research note on Wednesday, October 11th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Mattel currently has a consensus rating of Hold and a consensus price target of $19.00.

Shares of Mattel (NASDAQ:MAT) opened at $16.00 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.92 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $5,500.00, a price-to-earnings ratio of -5.23, a PEG ratio of 14.07 and a beta of 1.00. Mattel has a 12 month low of $12.71 and a 12 month high of $26.30.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, February 1st. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.93). The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Mattel had a negative return on equity of 21.37% and a negative net margin of 21.59%. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. research analysts anticipate that Mattel will post 0.13 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Highlander Capital Management LLC bought a new position in shares of Mattel during the 2nd quarter valued at about $105,000. Calton & Associates Inc. bought a new position in shares of Mattel during the 4th quarter valued at about $112,000. Zeke Capital Advisors LLC bought a new position in shares of Mattel during the 3rd quarter valued at about $163,000. Hartland & Co. LLC bought a new position in shares of Mattel during the 3rd quarter valued at about $165,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Mattel during the 4th quarter valued at about $206,000. 93.86% of the stock is owned by institutional investors and hedge funds.

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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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