Mattel (NASDAQ:MAT) Sets New 1-Year High – Still a Buy?

Mattel, Inc. (NASDAQ:MAT)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $21.88 and last traded at $21.83, with a volume of 2331192 shares trading hands. The stock had previously closed at $21.30.

Wall Street Analyst Weigh In

MAT has been the subject of several recent research reports. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and upped their target price for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. increased their price objective on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Bank of America increased their price objective on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, DA Davidson increased their price objective on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mattel has an average rating of “Moderate Buy” and an average price target of $25.57.

Mattel Trading Up 2.6 %

The company has a market cap of $7.36 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76. The company’s fifty day moving average price is $18.61 and its two-hundred day moving average price is $18.88. The company has a quick ratio of 1.88, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period last year, the company earned $0.29 earnings per share. Research analysts expect that Mattel, Inc. will post 1.69 earnings per share for the current year.

Hedge Funds Weigh In On Mattel

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Citigroup Inc. lifted its position in Mattel by 449.9% in the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock valued at $5,562,000 after acquiring an additional 238,884 shares in the last quarter. FORA Capital LLC bought a new stake in Mattel in the 3rd quarter valued at $1,003,000. Charles Schwab Investment Management Inc. lifted its position in Mattel by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock valued at $81,222,000 after acquiring an additional 114,305 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Mattel by 53.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock valued at $3,283,000 after acquiring an additional 59,845 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Mattel by 101.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock valued at $3,208,000 after acquiring an additional 84,626 shares in the last quarter. 97.15% of the stock is owned by institutional investors.

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.