Mattel Inc (MAT) Receives $14.00 Average Target Price from Analysts

Mattel Inc (NASDAQ:MAT) has earned an average rating of “Hold” from the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.00.

Several research analysts have weighed in on MAT shares. ValuEngine raised Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. UBS Group set a $14.00 target price on Mattel and gave the stock a “hold” rating in a research report on Wednesday, May 8th. MKM Partners upped their target price on Mattel from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Zacks Investment Research lowered Mattel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 10th. Finally, BMO Capital Markets dropped their target price on Mattel from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 26th.

In other Mattel news, CEO Ynon Kreiz bought 71,425 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was purchased at an average price of $14.02 per share, for a total transaction of $1,001,378.50. Following the purchase, the chief executive officer now directly owns 71,425 shares in the company, valued at $1,001,378.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joseph J. Euteneuer bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were acquired at an average price of $13.95 per share, with a total value of $279,000.00. Following the purchase, the chief financial officer now owns 55,231 shares in the company, valued at $770,472.45. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 129,425 shares of company stock valued at $1,807,179. 1.00% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Advisor Group Inc. lifted its position in shares of Mattel by 6.5% in the 4th quarter. Advisor Group Inc. now owns 10,461 shares of the company’s stock worth $103,000 after acquiring an additional 640 shares during the period. Cumberland Advisors Inc. lifted its position in shares of Mattel by 1.1% in the 1st quarter. Cumberland Advisors Inc. now owns 92,100 shares of the company’s stock worth $1,197,000 after acquiring an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Mattel by 1.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 74,336 shares of the company’s stock worth $966,000 after acquiring an additional 1,050 shares during the period. Delta Asset Management LLC TN lifted its position in shares of Mattel by 19.2% in the 4th quarter. Delta Asset Management LLC TN now owns 7,100 shares of the company’s stock worth $71,000 after acquiring an additional 1,145 shares during the period. Finally, Nissay Asset Management Corp Japan ADV lifted its position in shares of Mattel by 4.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 31,779 shares of the company’s stock worth $413,000 after acquiring an additional 1,224 shares during the period.

MAT stock traded down $0.18 during mid-day trading on Friday, hitting $11.14. The stock had a trading volume of 4,554,442 shares, compared to its average volume of 6,259,469. The company has a debt-to-equity ratio of 5.50, a current ratio of 1.88 and a quick ratio of 1.27. Mattel has a 1-year low of $9.09 and a 1-year high of $17.98. The firm has a market cap of $3.92 billion, a P/E ratio of -9.77 and a beta of 1.41.

Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, April 25th. The company reported ($0.44) earnings per share for the quarter, topping the consensus estimate of ($0.56) by $0.12. Mattel had a negative return on equity of 42.68% and a negative net margin of 8.98%. The company had revenue of $689.20 million for the quarter, compared to analyst estimates of $652.36 million. During the same period in the prior year, the firm posted ($0.60) EPS. The business’s revenue was down 2.7% compared to the same quarter last year. As a group, research analysts expect that Mattel will post -0.54 EPS for the current year.

Mattel Company Profile

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.

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Analyst Recommendations for Mattel (NASDAQ:MAT)

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