Morgan Stanley Issues Positive Forecast for Mattel (NASDAQ:MAT) Stock Price

Mattel (NASDAQ:MAT) had its price target lifted by Morgan Stanley from $22.00 to $23.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other equities analysts have also issued reports about the company. StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Bank of America upped their price objective on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and raised their target price for the company from $20.00 to $28.00 in a research note on Wednesday. DA Davidson restated a “buy” rating and set a $27.00 price target on shares of Mattel in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.57.

Mattel Stock Performance

MAT stock opened at $20.84 on Wednesday. The stock’s 50 day simple moving average is $18.46 and its 200 day simple moving average is $18.82. Mattel has a 12-month low of $15.87 and a 12-month high of $21.35. The firm has a market cap of $7.02 billion, a P/E ratio of 13.03, a P/E/G ratio of 0.88 and a beta of 0.76. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.24% and a return on equity of 25.39%. During the same quarter in the previous year, the business earned $0.29 EPS. As a group, equities research analysts predict that Mattel will post 1.5 EPS for the current year.

Hedge Funds Weigh In On Mattel

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its stake in Mattel by 2,698.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company’s stock valued at $125,000 after buying an additional 6,826 shares during the period. K.J. Harrison & Partners Inc boosted its holdings in shares of Mattel by 34.0% in the fourth quarter. K.J. Harrison & Partners Inc now owns 67,000 shares of the company’s stock valued at $1,188,000 after acquiring an additional 17,000 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in shares of Mattel during the fourth quarter valued at approximately $256,000. Ieq Capital LLC bought a new stake in Mattel during the fourth quarter worth approximately $1,301,000. Finally, Alberta Investment Management Corp acquired a new stake in Mattel in the fourth quarter worth approximately $1,278,000. 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.