Mattel (NASDAQ:MAT) Price Target Increased to $22.00 by Analysts at Morgan Stanley

Mattel (NASDAQ:MAT) had its price target raised by Morgan Stanley from $21.00 to $22.00 in a research report sent to investors on Thursday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other analysts have also weighed in on MAT. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. DA Davidson reiterated a “buy” rating and set a $27.00 price target on shares of Mattel in a report on Thursday. JPMorgan Chase & Co. raised their price objective on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday. Finally, Jefferies Financial Group lifted their price target on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.75.

Mattel Price Performance

MAT stock traded up $0.68 during midday trading on Thursday, reaching $19.25. The company had a trading volume of 225,532 shares, compared to its average volume of 3,132,098. Mattel has a 1-year low of $15.87 and a 1-year high of $20.48. The stock has a 50 day moving average price of $18.98 and a 200-day moving average price of $18.28. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.58 and a quick ratio of 1.81. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.25 and a beta of 0.79.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 EPS. Equities research analysts expect that Mattel will post 1.43 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its holdings in shares of Mattel by 20,152.4% in the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after buying an additional 10,940,943 shares during the last quarter. LSV Asset Management purchased a new position in shares of Mattel in the 2nd quarter worth about $32,559,000. Dimensional Fund Advisors LP raised its holdings in shares of Mattel by 34.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock valued at $94,215,000 after buying an additional 1,479,227 shares in the last quarter. Millennium Management LLC lifted its position in Mattel by 92.5% in the 2nd quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock worth $39,947,000 after buying an additional 1,180,301 shares during the last quarter. Finally, Capital International Investors boosted its stake in Mattel by 4.6% in the first quarter. Capital International Investors now owns 19,231,375 shares of the company’s stock worth $380,974,000 after buying an additional 845,368 shares in the last quarter. 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.