Mattel (NASDAQ:MAT) Given New $26.00 Price Target at Citigroup

Mattel (NASDAQ:MAT) had its price target raised by Citigroup from $25.00 to $26.00 in a report released on Wednesday, Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other analysts also recently weighed in on MAT. TheStreet downgraded shares of Mattel from a b- rating to a c+ rating in a research report on Wednesday, January 24th. Jefferies Financial Group increased their target price on shares of Mattel from $19.00 to $20.00 and gave the company a hold rating in a research report on Friday, March 15th. Roth Capital cut shares of Mattel from a buy rating to a neutral rating in a research report on Thursday, January 4th. Stifel Nicolaus reduced their target price on shares of Mattel from $26.00 to $23.00 and set a buy rating for the company in a research report on Wednesday, January 24th. Finally, Roth Mkm reiterated a neutral rating and issued a $21.00 target price on shares of Mattel in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $22.78.

Mattel Trading Down 0.6 %

NASDAQ:MAT opened at $18.36 on Wednesday. Mattel has a one year low of $16.20 and a one year high of $22.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.90 and a current ratio of 2.49. The firm has a market cap of $6.32 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.18 and a beta of 0.95. The firm has a 50-day simple moving average of $19.29 and a 200-day simple moving average of $19.07.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.07. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The business had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. During the same quarter in the previous year, the business posted ($0.24) EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. Equities analysts anticipate that Mattel will post 1.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Mattel by 0.4% during the third quarter. Vanguard Group Inc. now owns 34,317,700 shares of the company’s stock worth $756,019,000 after buying an additional 142,123 shares during the period. Capital International Investors boosted its stake in Mattel by 7.4% during the fourth quarter. Capital International Investors now owns 18,386,007 shares of the company’s stock worth $347,128,000 after buying an additional 1,272,018 shares during the period. Victory Capital Management Inc. lifted its position in shares of Mattel by 12.9% during the fourth quarter. Victory Capital Management Inc. now owns 7,541,422 shares of the company’s stock worth $142,382,000 after purchasing an additional 861,638 shares in the last quarter. HS Management Partners LLC lifted its position in shares of Mattel by 21.5% during the fourth quarter. HS Management Partners LLC now owns 4,603,400 shares of the company’s stock worth $86,912,000 after purchasing an additional 813,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Mattel by 21.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,039,571 shares of the company’s stock worth $76,272,000 after purchasing an additional 716,558 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Company Profile

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.