JPMorgan Chase & Co. Raises Mattel (NASDAQ:MAT) Price Target to $23.00

Mattel (NASDAQ:MAT) had its price target raised by JPMorgan Chase & Co. from $22.00 to $23.00 in a research report report published on Monday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on MAT. Jefferies Financial Group raised their price objective on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Finally, DA Davidson reiterated a “buy” rating and issued a $27.00 target price on shares of Mattel in a research note on Monday, July 22nd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.13.

Mattel Stock Performance

Shares of MAT stock opened at $17.78 on Monday. The firm has a 50-day moving average of $18.99 and a 200-day moving average of $18.28. The company has a market cap of $6.12 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.25 and a beta of 0.79. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.58 and a quick ratio of 1.81. Mattel has a one year low of $15.87 and a one year high of $20.48.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.10 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts forecast that Mattel will post 1.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Mattel

A number of hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Mattel in the 3rd quarter worth approximately $108,000. Brighton Jones LLC bought a new stake in shares of Mattel in the 3rd quarter worth approximately $228,000. Blue Trust Inc. lifted its holdings in shares of Mattel by 74.2% in the 3rd quarter. Blue Trust Inc. now owns 3,610 shares of the company’s stock worth $69,000 after acquiring an additional 1,538 shares during the last quarter. Aaron Wealth Advisors LLC purchased a new position in shares of Mattel in the third quarter worth $217,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of Mattel in the third quarter worth $29,000. 97.15% of the stock is currently owned by institutional investors.

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.