Mattel (NASDAQ:MAT) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Mattel (NASDAQ:MAT - Get Free Report) had its price target upped by analysts at Morgan Stanley from $22.00 to $23.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price target indicates a potential upside of 7.08% from the stock's previous close.

A number of other brokerages also recently weighed in on MAT. StockNews.com downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Bank of America lifted their target price on Mattel from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. DA Davidson reiterated a "buy" rating and issued a $27.00 price target on shares of Mattel in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Finally, Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and boosted their price objective for the company from $20.00 to $28.00 in a research report on Wednesday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Mattel presently has an average rating of "Moderate Buy" and a consensus price target of $25.57.

Mattel Trading Up 0.2 %

Shares of MAT traded up $0.05 during trading hours on Wednesday, hitting $21.48. The stock had a trading volume of 4,130,755 shares, compared to its average volume of 3,631,173. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.88 and a current ratio of 2.38. Mattel has a 12-month low of $15.87 and a 12-month high of $21.88. The firm has a market cap of $7.24 billion, a P/E ratio of 13.43, a P/E/G ratio of 2.32 and a beta of 0.76. The company's fifty day simple moving average is $18.56 and its 200 day simple moving average is $18.87.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data 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 in the previous year, the company posted $0.29 earnings per share. Equities research analysts forecast that Mattel will post 1.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Mattel

Several institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. boosted its holdings in shares of Mattel by 84.0% during the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock worth $176,757,000 after buying an additional 4,270,162 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Mattel in the fourth quarter valued at $53,238,000. Point72 Asset Management L.P. lifted its stake in Mattel by 54.5% during the third quarter. Point72 Asset Management L.P. now owns 1,582,369 shares of the company's stock worth $30,144,000 after purchasing an additional 558,213 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in Mattel in the third quarter valued at $8,997,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Mattel in the 4th quarter worth about $7,431,000. Institutional investors and hedge funds 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.