Mattel Inc. (MAT) Given Consensus Recommendation of “Buy” by Analysts
Shares of Mattel Inc. (NASDAQ:MAT) have been assigned a consensus recommendation of “Buy” from the nineteen research firms that are presently covering the stock. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $35.41.
A number of research firms have recently weighed in on MAT. MKM Partners raised Mattel from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Monday, October 10th. B. Riley reaffirmed a “buy” rating and set a $41.00 price target on shares of Mattel in a report on Wednesday, November 9th. Vetr raised Mattel from a “buy” rating to a “strong-buy” rating and set a $41.14 price target on the stock in a report on Monday, August 29th. Jefferies Group reaffirmed a “buy” rating and set a $36.00 price target on shares of Mattel in a report on Thursday, October 13th. Finally, Zacks Investment Research raised Mattel from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Wednesday, September 21st.
In other news, EVP Geoffrey H. Walker sold 7,128 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 39,348 shares in the company, valued at approximately $1,320,912.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Mattel by 3.5% in the second quarter. Vanguard Group Inc. now owns 30,549,988 shares of the company’s stock valued at $955,908,000 after buying an additional 1,019,897 shares during the last quarter. FMR LLC raised its stake in Mattel by 23.9% in the second quarter. FMR LLC now owns 17,320,223 shares of the company’s stock valued at $541,949,000 after buying an additional 3,344,171 shares during the last quarter. Janus Capital Management LLC raised its stake in Mattel by 2.4% in the second quarter. Janus Capital Management LLC now owns 13,524,795 shares of the company’s stock valued at $423,187,000 after buying an additional 316,838 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Mattel by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 10,548,923 shares of the company’s stock valued at $330,074,000 after buying an additional 291,707 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in Mattel by 2.9% in the third quarter. BlackRock Fund Advisors now owns 10,273,294 shares of the company’s stock valued at $311,075,000 after buying an additional 288,683 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.
Shares of Mattel (NASDAQ:MAT) opened at 30.52 on Wednesday. The firm has a market cap of $10.44 billion, a PE ratio of 29.18 and a beta of 0.98. The firm’s 50-day moving average price is $31.03 and its 200-day moving average price is $31.84. Mattel has a one year low of $23.38 and a one year high of $34.76.
Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, October 19th. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.01. Mattel had a net margin of 6.39% and a return on equity of 16.55%. The company earned $1.80 billion during the quarter, compared to analyst estimates of $940.30 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Equities research analysts expect that Mattel will post $1.29 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 22nd will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.98%. The ex-dividend date is Friday, November 18th. Mattel’s dividend payout ratio is currently 146.16%.
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.
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