Mattel, Inc. (NASDAQ:MAT) Given Average Recommendation of “Hold” by Brokerages

Mattel, Inc. (NASDAQ:MAT) has been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $23.50.

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Mattel in a research report on Wednesday, December 24th. Roth Mkm set a $20.00 price objective on shares of Mattel and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group cut shares of Mattel from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research note on Friday, January 9th. Finally, Seaport Research Partners raised Mattel to a “hold” rating in a research note on Monday, November 10th.

Institutional Trading of Mattel

A number of hedge funds have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC lifted its holdings in shares of Mattel by 537.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock worth $25,000 after acquiring an additional 1,140 shares during the period. Quarry LP purchased a new stake in Mattel in the third quarter valued at approximately $28,000. Parallel Advisors LLC increased its position in Mattel by 189.9% during the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock worth $32,000 after purchasing an additional 1,054 shares during the last quarter. Traub Capital Management LLC purchased a new position in Mattel during the second quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Mattel by 107.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after purchasing an additional 1,048 shares during the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Performance

Mattel stock opened at $20.89 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.18 and a current ratio of 1.60. Mattel has a fifty-two week low of $13.94 and a fifty-two week high of $22.25. The stock has a fifty day moving average of $20.70 and a two-hundred day moving average of $19.04. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 2.22 and a beta of 0.69.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.