Mattel Inc. (MAT) Receives $35.48 Average PT from Analysts
Shares of Mattel Inc. (NASDAQ:MAT) have received an average recommendation of “Buy” from the nineteen brokerages that are covering the stock. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $35.48.
A number of equities analysts have weighed in on the stock. Jefferies Group reaffirmed a “buy” rating and set a $36.00 price target on shares of Mattel in a report on Thursday. MKM Partners raised shares of Mattel from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a report on Monday, October 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $40.00 price target on shares of Mattel in a report on Tuesday, October 4th. Zacks Investment Research raised shares of Mattel from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, September 21st. Finally, Monness Crespi & Hardt raised shares of Mattel from a “neutral” rating to a “buy” rating and set a $37.00 price target for the company in a report on Monday, September 19th.
In related news, EVP Geoffrey H. Walker sold 7,128 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $33.57, for a total transaction of $239,286.96. Following the completion of the sale, the executive vice president now directly owns 39,348 shares in the company, valued at $1,320,912.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.88% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Windward Capital Management Co. CA raised its position in shares of Mattel by 76.0% in the third quarter. Windward Capital Management Co. CA now owns 13,392 shares of the company’s stock worth $406,000 after buying an additional 5,783 shares during the period. National Pension Service raised its position in shares of Mattel by 9.5% in the third quarter. National Pension Service now owns 289,231 shares of the company’s stock worth $8,758,000 after buying an additional 25,060 shares during the period. Parametrica Management Ltd bought a new position in shares of Mattel during the third quarter worth about $372,000. MSI Financial Services Inc raised its position in shares of Mattel by 11.2% in the third quarter. MSI Financial Services Inc now owns 17,189 shares of the company’s stock worth $520,000 after buying an additional 1,726 shares during the period. Finally, Capstone Asset Management Co. raised its position in shares of Mattel by 7.0% in the third quarter. Capstone Asset Management Co. now owns 27,371 shares of the company’s stock worth $829,000 after buying an additional 1,790 shares during the period. Institutional investors and hedge funds own 95.49% of the company’s stock.
Shares of Mattel (NASDAQ:MAT) opened at 30.10 on Wednesday. The stock has a 50 day moving average price of $31.54 and a 200 day moving average price of $32.08. Mattel has a one year low of $22.63 and a one year high of $34.76. The company has a market capitalization of $10.25 billion, a PE ratio of 29.80 and a beta of 0.99.
Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Wednesday, July 20th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.03. The business had revenue of $957.30 million for the quarter, compared to the consensus estimate of $937.85 million. Mattel had a net margin of 6.17% and a return on equity of 16.23%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 earnings per share. On average, equities research analysts predict that Mattel will post $1.34 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Tuesday, August 23rd were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, August 19th. This represents a $1.52 annualized dividend and a dividend yield of 5.05%. Mattel’s dividend payout ratio is currently 149.02%.
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.
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