Mattel (NASDAQ:MAT) PT Raised to $28.00

Mattel (NASDAQ:MAT) had its target price upped by Bank of America from $26.00 to $28.00 in a report published on Thursday, Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley raised their price objective on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Jefferies Financial Group upped their target price on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Finally, DA Davidson reiterated a “buy” rating and issued a $27.00 target price on shares of Mattel in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.75.

Mattel Stock Up 3.7 %

MAT traded up $0.68 on Thursday, reaching $19.25. The company’s stock 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 business’s 50 day moving average is $18.98 and its 200 day moving average is $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 stock has a market cap 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 announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.19. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the business earned $1.08 EPS. As a group, research analysts forecast that Mattel will post 1.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Mattel

A number of institutional investors have recently bought and sold shares of MAT. UMB Bank n.a. lifted its holdings in Mattel by 584.3% during the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after purchasing an additional 1,268 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Mattel during the third quarter worth about $29,000. GAMMA Investing LLC boosted its position in shares of Mattel by 108.5% during the second quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after buying an additional 1,052 shares during the period. Blue Trust Inc. raised its holdings in shares of Mattel by 143.2% in the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after purchasing an additional 1,220 shares during the period. Finally, CWM LLC lifted its position in Mattel by 71.0% during the second quarter. CWM LLC now owns 2,641 shares of the company’s stock worth $43,000 after acquiring an additional 1,097 shares during the last quarter. 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.