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

Mattel (NASDAQ:MAT) had its price target lifted 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.

Several other research analysts also recently commented on MAT. DA Davidson reiterated a “buy” rating and set a $27.00 price target on shares of Mattel in a report on Monday, July 22nd. Jefferies Financial Group increased their target price on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. Finally, StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. 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 a consensus rating of “Hold” and an average target price of $23.75.

Mattel Stock Performance

NASDAQ MAT opened at $18.57 on Monday. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.25 and a beta of 0.79. The company has a 50-day simple moving average of $18.98 and a two-hundred day simple moving average of $18.28. The company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18. Mattel has a 12-month low of $15.87 and a 12-month high of $20.48.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.19. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. Mattel’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 EPS. On average, equities analysts forecast that Mattel will post 1.43 EPS for the current year.

Institutional Trading of Mattel

Institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Mattel by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock worth $231,487,000 after acquiring an additional 180,855 shares in the last quarter. Barington Capital Group L.P. lifted its position in Mattel by 25.3% during the second quarter. Barington Capital Group L.P. now owns 595,000 shares of the company’s stock valued at $9,675,000 after buying an additional 120,000 shares during the period. SG Americas Securities LLC bought a new stake in shares of Mattel during the 2nd quarter valued at $312,000. Van ECK Associates Corp grew its position in shares of Mattel by 181.0% in the 1st quarter. Van ECK Associates Corp now owns 220,845 shares of the company’s stock worth $4,375,000 after buying an additional 142,266 shares during the period. Finally, Tidal Investments LLC increased its stake in shares of Mattel by 292.6% in the 1st quarter. Tidal Investments LLC now owns 83,462 shares of the company’s stock worth $1,653,000 after acquiring an additional 62,204 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other 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.