By otakuyassine3@gmail.com 
Mattel (NASDAQ:MAT – Get Free Report) had its target price raised by Morgan Stanley from $22.00 to $23.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 11.66% from the stock’s current price.
A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. StockNews.com lowered shares of Mattel from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. DA Davidson reiterated a “buy” rating and issued a $27.00 price target on shares of Mattel in a research note on Thursday, October 24th. Bank of America raised their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $28.00 in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mattel presently has a consensus rating of “Moderate Buy” and an average target price of $25.14.
Get Our Latest Stock Analysis on MAT
Mattel Trading Up 14.0 %
Shares of Mattel stock traded up $2.53 during trading on Wednesday, reaching $20.60. 7,923,757 shares of the stock were exchanged, compared to its average volume of 2,845,111. Mattel has a 1 year low of $15.87 and a 1 year high of $21.35. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 0.88 and a beta of 0.76. The stock’s fifty day moving average is $18.42 and its 200 day moving average is $18.80. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01.
Mattel (NASDAQ:MAT – Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.24% and a return on equity of 25.39%. During the same period in the prior year, the company posted $0.29 EPS. As a group, equities research analysts expect that Mattel will post 1.5 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Mattel
Several hedge funds and other institutional investors have recently modified their holdings of MAT. UMB Bank n.a. grew its holdings in shares of Mattel by 584.3% in the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after acquiring an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Mattel during the third quarter valued at $29,000. Prospera Private Wealth LLC bought a new position in Mattel during the third quarter valued at $34,000. West Oak Capital LLC grew its holdings in Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after purchasing an additional 1,955 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Mattel by 38.3% during the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $53,000 after purchasing an additional 775 shares during the period. 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.
Further Reading
Receive News & Ratings for Mattel Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Mattel and related companies with MarketBeat.com’s FREE daily email newsletter.