Mattel (NASDAQ:MAT) PT Raised 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 sent to investors on Monday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

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

Mattel Price Performance

NASDAQ MAT opened at $18.42 on Monday. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 1.25 and a beta of 0.79. Mattel has a 1-year low of $15.87 and a 1-year high of $20.48. 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 business’s fifty day moving average price is $19.04 and its 200-day moving average price is $18.30.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. Mattel’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. On average, equities analysts predict that Mattel will post 1.43 earnings per share for the current year.

Institutional Trading of Mattel

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