Mattel (NASDAQ:MAT) Price Target Increased to $27.00 by Analysts at DA Davidson

Mattel (NASDAQ:MAT) had its price target upped by DA Davidson from $26.00 to $27.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s target price would suggest a potential upside of 44.15% from the company’s current price.

Other analysts have also issued reports about the company. Stifel Nicolaus cut their price target on Mattel from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Jefferies Financial Group lifted their price target on Mattel from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, March 15th. TheStreet lowered Mattel from a “b-” rating to a “c+” rating in a research note on Wednesday, January 24th. Roth Mkm reaffirmed a “neutral” rating and issued a $20.00 price objective (down from $24.00) on shares of Mattel in a research note on Thursday, January 4th. Finally, Roth Capital downgraded Mattel from a “buy” rating to a “neutral” rating in a report on Thursday, January 4th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.25.

Mattel Stock Performance

NASDAQ:MAT opened at $18.73 on Wednesday. The stock’s 50-day simple moving average is $19.30 and its 200 day simple moving average is $19.08. The firm has a market capitalization of $6.44 billion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 1.24 and a beta of 0.95. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08. Mattel has a twelve month low of $16.20 and a twelve month high of $22.64.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Trust Co. of Vermont lifted its position in shares of Mattel by 833.3% during the 3rd quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares during the last quarter. Clearstead Advisors LLC purchased a new position in shares of Mattel during the 3rd quarter valued at $52,000. Y.D. More Investments Ltd purchased a new position in shares of Mattel during the 3rd quarter valued at $53,000. Partnership Wealth Management LLC purchased a new position in shares of Mattel during the 4th quarter valued at $61,000. Finally, Fifth Third Bancorp lifted its position 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 last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

About Mattel

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.