Mattel, Inc. (NASDAQ:MAT) stock is presently standing at about $29.91 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 11 analysts covering the company is $36.00, which suggests the stock could still rise over 17 percent. The highest analyst price target is $41.00, which implies a rally of 63 percent. And a quick view of analyst notes show that 4 are rating the stock a buy while 5 rate MAT a strong buy. There are 5 equity research firms advocating a Hold and 0 consider it Sell.
MKM Partners analysts provided their view on Mattel, Inc. (NASDAQ:MAT) recently. The rating firm issued a Buy rating to this company in a research note released on Oct 10, 2016. Monness Crespi & Hardt analysts disclosed their opinion on Mattel, Inc. (NASDAQ:MAT) recently. The rating firm gave a Buy rating to this stock in a research note published on Sep 19, 2016. According to a research note disclosed on Apr 06, 2016, analysts at Stifel have lowered their rating on these shares from Buy to Hold.
Mattel, Inc. (NASDAQ:MAT) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director NG DOMINIC sold 9,000 company shares for $277000.11, in a transaction on 2016-11-21. Following the transaction, the Director is left with a stake of 277.11 shares, currently valued at $8288. Meanwhile, EVP, Chief Strategic Tech Off Walker Geoffrey H sold 7,128 shares worth $239000.29, through a transaction dated 2016-08-30. Following the completion of the transaction, the insider is left with a stake of 37,036 shares, amounting $1107746.76. MAT Director White Loyd Kathy also sold 2,700 shares, at a stock price of $30.6. This transaction occurred on 2016-05-20 totals $82000.62. After this transaction, the insider’s stake stands at 8,060 shares, with a market value of $241075.
Executives hold 0.56 percent of the stock. Mr. Robert A. Eckert is one of the biggest insider owners in Mattel, Inc. (NASDAQ:MAT), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 442,895 shares which have current market value of around $13246989.45.Mr. Bryan G. Stockton is another major inside shareholder in the company. The insider owns 341,041 shares as of 0.1%, currently worth $10200536.31. Mr. Neil B. Friedman is ranked as third insider holder of the stock. This insider holds 305,211 shares with a market value around $9128861.01 as of recent close.
Mattel, Inc. (NASDAQ:MAT) Earnings Outlook
In Mattel, Inc. (NASDAQ:MAT)’s latest quarter, EPS moved to $0.70 from $-0.02 in preceding quarter and revenues reached at $1,795.60M compared to $957.30M. Analysts had expected Mattel, Inc. (NASDAQ:MAT) to post net income of about $0.71 per share on $1,774.74M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.01 to $0.08. That is compared with the $0.63 in EPS it reported during the same period a year ago.