Mattel (NASDAQ:MAT) Given New $23.00 Price Target at Morgan Stanley

Mattel (NASDAQ:MAT) had its price objective increased by equities research analysts at Morgan Stanley from $22.00 to $23.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 7.33% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $28.00 in a report on Wednesday. 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. DA Davidson reaffirmed a “buy” rating and set a $27.00 target price on shares of Mattel in a report on Thursday, October 24th. StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Bank of America raised their price objective on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.57.

Mattel Trading Up 2.8 %

NASDAQ:MAT opened at $21.43 on Wednesday. Mattel has a 52 week low of $15.87 and a 52 week high of $21.88. The firm has a 50-day moving average price of $18.51 and a two-hundred day moving average price of $18.84. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 0.88 and a beta of 0.76.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.39% and a net margin of 10.24%. During the same quarter last year, the firm posted $0.29 earnings per share. On average, equities analysts expect that Mattel will post 1.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mattel

A number of large investors have recently added to or reduced their stakes in the business. UMB Bank n.a. raised its holdings in Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Mattel during the third quarter valued at about $29,000. Prospera Private Wealth LLC bought a new position in Mattel in the third quarter worth about $34,000. West Oak Capital LLC grew its holdings in shares of Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after acquiring an additional 1,955 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Mattel by 38.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after acquiring an additional 775 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

About Mattel

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.