Mattel (NASDAQ:MAT) Given New $25.00 Price Target at JPMorgan Chase & Co.

Mattel (NASDAQ:MAT - Get Free Report) had its price target raised by equities research analysts at JPMorgan Chase & Co. from $23.00 to $25.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 42.90% from the company's current price.

A number of other equities analysts have also commented on MAT. Citigroup raised their price target on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Wall Street Zen lowered Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Roth Capital set a $22.00 price objective on Mattel and gave the company a "neutral" rating in a research note on Friday, July 11th. Morgan Stanley lifted their price objective on Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Finally, DA Davidson reaffirmed a "buy" rating and set a $30.00 price target on shares of Mattel in a research note on Thursday, May 15th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Mattel has an average rating of "Moderate Buy" and an average target price of $24.38.

Mattel Price Performance

NASDAQ MAT traded down $2.71 during midday trading on Thursday, hitting $17.50. The company had a trading volume of 5,871,735 shares, compared to its average volume of 4,005,309. The company has a current ratio of 2.43, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10. Mattel has a twelve month low of $13.94 and a twelve month high of $22.07. The company has a market capitalization of $5.65 billion, a PE ratio of 11.24, a P/E/G ratio of 2.15 and a beta of 0.66. The firm has a 50-day moving average price of $19.48 and a 200-day moving average price of $18.88.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. Mattel had a return on equity of 25.80% and a net margin of 9.82%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company posted $0.19 EPS. The business's revenue was down 5.7% on a year-over-year basis. As a group, analysts anticipate that Mattel will post 1.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mattel

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Mattel during the fourth quarter valued at about $660,000. HighTower Advisors LLC increased its holdings in shares of Mattel by 5.4% in the fourth quarter. HighTower Advisors LLC now owns 30,923 shares of the company's stock worth $548,000 after purchasing an additional 1,575 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Mattel during the fourth quarter worth approximately $1,718,000. LPL Financial LLC increased its stake in Mattel by 3.9% during the fourth quarter. LPL Financial LLC now owns 24,986 shares of the company's stock worth $443,000 after acquiring an additional 935 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Mattel by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company's stock worth $587,469,000 after acquiring an additional 355,769 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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.

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