Mattel (NASDAQ:MAT) Price Target Raised to $26.00

Mattel (NASDAQ:MAT) had its price objective upped by Bank of America from $25.00 to $26.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Bank of America currently has a buy rating on the stock.

A number of other brokerages have also weighed in on MAT. Stifel Nicolaus lowered their price objective on Mattel from $26.00 to $23.00 and set a buy rating for the company in a research note on Wednesday, January 24th. Roth Mkm restated a neutral rating and set a $21.00 price objective on shares of Mattel in a research note on Wednesday. TheStreet lowered Mattel from a b- rating to a c+ rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. lowered Mattel from an overweight rating to a neutral rating and decreased their target price for the stock from $24.00 to $19.00 in a research report on Monday, February 5th. Finally, DA Davidson lifted their target price on Mattel from $26.00 to $27.00 and gave the stock a buy rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $22.78.

Mattel Price Performance

MAT stock opened at $19.18 on Wednesday. Mattel has a 1 year low of $16.20 and a 1 year high of $22.64. The stock has a 50-day simple moving average of $19.30 and a 200-day simple moving average of $19.08. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.90 and a current ratio of 2.33. The firm has a market cap of $6.60 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.25 and a beta of 0.95.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a return on equity of 24.25% and a net margin of 5.38%. The firm had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. During the same quarter last year, the firm earned ($0.24) EPS. Mattel’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts predict that Mattel will post 1.37 earnings per share for the current fiscal year.

Institutional Trading of Mattel

Several hedge funds have recently made changes to their positions in the stock. Krilogy Financial LLC lifted its holdings in shares of Mattel by 31.1% in the 1st quarter. Krilogy Financial LLC now owns 55,656 shares of the company’s stock worth $1,103,000 after purchasing an additional 13,214 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Mattel by 2.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 101,700 shares of the company’s stock valued at $2,015,000 after acquiring an additional 2,500 shares in the last quarter. State of Michigan Retirement System raised its stake in Mattel by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 86,733 shares of the company’s stock valued at $1,718,000 after acquiring an additional 2,000 shares in the last quarter. Thompson Investment Management Inc. raised its stake in Mattel by 8.8% during the 1st quarter. Thompson Investment Management Inc. now owns 14,780 shares of the company’s stock valued at $293,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Kapitalo Investimentos Ltda raised its stake in Mattel by 89.8% during the 4th quarter. Kapitalo Investimentos Ltda now owns 15,190 shares of the company’s stock valued at $287,000 after acquiring an additional 7,186 shares in the last quarter. Institutional investors 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.