Citigroup Boosts Mattel (NASDAQ:MAT) Price Target to $26.00

Mattel (NASDAQ:MAT) had its target price hoisted by Citigroup from $25.00 to $26.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 34.72% from the company’s current price.

MAT has been the subject of a number of other reports. Roth Mkm reiterated a “neutral” rating and issued a $21.00 target price on shares of Mattel in a report on Wednesday. Morgan Stanley restated an “equal weight” rating and issued a $19.00 price objective (down previously from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Jefferies Financial Group lifted their target price on shares of Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. Finally, Stifel Nicolaus lowered their target price on shares of Mattel from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.78.

Mattel Stock Performance

Shares of NASDAQ MAT traded up $0.57 during trading on Wednesday, reaching $19.30. 4,412,742 shares of the company traded hands, compared to its average volume of 2,993,510. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $6.64 billion, a PE ratio of 31.82, a P/E/G ratio of 1.24 and a beta of 0.95. The firm has a 50 day simple moving average of $19.30 and a 200-day simple moving average of $19.08. Mattel has a 52-week low of $16.20 and a 52-week high of $22.64.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.07. Mattel had a net margin of 3.94% and a return on equity of 21.25%. The firm had revenue of $809.50 million for the quarter, compared to analysts’ expectations of $833.52 million. During the same quarter last year, the business posted ($0.24) earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts anticipate that Mattel will post 1.37 earnings per share for the current year.

Institutional Trading of Mattel

A number of large investors have recently made changes to their positions in the stock. Fifth Third Bancorp raised its holdings in shares of Mattel by 23.3% during the 3rd quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock valued at $64,000 after buying an additional 550 shares during the period. Oak Family Advisors LLC grew its stake in Mattel by 0.9% during the 4th quarter. Oak Family Advisors LLC now owns 60,189 shares of the company’s stock valued at $1,136,000 after purchasing an additional 559 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of Mattel by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 154,594 shares of the company’s stock worth $3,406,000 after acquiring an additional 780 shares in the last quarter. Panagora Asset Management Inc. grew its position in shares of Mattel by 7.4% in the 4th quarter. Panagora Asset Management Inc. now owns 11,861 shares of the company’s stock worth $224,000 after acquiring an additional 816 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Mattel by 6.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 17,398 shares of the company’s stock worth $383,000 after acquiring an additional 989 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.