Mattel, Inc. (NASDAQ:MAT) had its target price lifted by BMO Capital Markets from $23.00 to $25.00 in a research note published on Monday. BMO Capital Markets currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on MAT. Stifel Nicolaus reaffirmed a hold rating on shares of Mattel in a report on Thursday, August 3rd. Jefferies Group LLC set a $13.00 price target on Mattel and gave the company a hold rating in a report on Sunday. Monness Crespi & Hardt upped their price target on Mattel from $22.00 to $27.00 and gave the company a buy rating in a report on Wednesday, October 11th. BidaskClub raised Mattel from a strong sell rating to a sell rating in a report on Thursday, September 14th. Finally, KeyCorp reaffirmed a hold rating on shares of Mattel in a report on Sunday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Mattel has an average rating of Hold and a consensus price target of $21.54.

Shares of Mattel (NASDAQ MAT) traded down 9.37% during trading on Monday, hitting $14.12. 25,976,462 shares of the company traded hands. The stock has a market capitalization of $4.84 billion, a PE ratio of 20.26 and a beta of 0.86. Mattel has a 52-week low of $12.71 and a 52-week high of $32.48. The company has a 50-day moving average of $15.41 and a 200-day moving average of $19.19.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.82 billion. Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The business’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share. Equities analysts expect that Mattel will post $0.23 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Mattel by 2.0% during the second quarter. Vanguard Group Inc. now owns 34,329,879 shares of the company’s stock worth $739,123,000 after purchasing an additional 662,676 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Mattel by 91.6% during the second quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock worth $214,398,000 after purchasing an additional 4,759,608 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Mattel by 19,570.6% during the second quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock worth $207,066,000 after purchasing an additional 9,568,634 shares during the last quarter. Fairpointe Capital LLC raised its position in Mattel by 24.3% in the second quarter. Fairpointe Capital LLC now owns 7,993,469 shares of the company’s stock worth $172,099,000 after acquiring an additional 1,560,624 shares in the last quarter. Finally, Eaton Vance Management raised its position in Mattel by 581.7% in the second quarter. Eaton Vance Management now owns 2,682,680 shares of the company’s stock worth $57,758,000 after acquiring an additional 2,289,165 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.

About Mattel

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.

Analyst Recommendations for Mattel (NASDAQ:MAT)

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