JPMorgan Chase & Co. Issues Positive Forecast for Mattel (NASDAQ:MAT) Stock Price

Mattel (NASDAQ:MAT - Free Report) had its target price increased by JPMorgan Chase & Co. from $23.00 to $25.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

MAT has been the topic of a number of other reports. Morgan Stanley upped their target price on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group lowered their target price on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Citigroup upped their target price on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Roth Capital set a $22.00 target price on Mattel and gave the stock a "neutral" rating in a research report on Friday, July 11th. Finally, DA Davidson reaffirmed a "buy" rating and set a $30.00 target price on shares of Mattel in a research report on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.38.

Mattel Price Performance

NASDAQ MAT traded up $0.23 during trading on Thursday, hitting $17.66. 7,148,297 shares of the company's stock were exchanged, compared to its average volume of 4,153,864. The stock's 50 day moving average price is $19.37 and its two-hundred day moving average price is $18.88. Mattel has a fifty-two week low of $13.94 and a fifty-two week high of $22.07. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. The company has a market cap of $5.70 billion, a PE ratio of 11.39, a P/E/G ratio of 2.14 and a beta of 0.66.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.09 billion. Mattel had a return on equity of 25.19% and a net margin of 9.87%. The company's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 EPS. Research analysts expect that Mattel will post 1.7 EPS for the current year.

Institutional Investors Weigh In On Mattel

A number of institutional investors and hedge funds have recently bought and sold shares of MAT. Trust Co. of Vermont increased its position in shares of Mattel by 995.8% during the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock valued at $26,000 after purchasing an additional 1,195 shares during the last quarter. Parallel Advisors LLC increased its holdings in Mattel by 189.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,609 shares of the company's stock worth $32,000 after acquiring an additional 1,054 shares during the last quarter. IFP Advisors Inc increased its holdings in Mattel by 90.6% in the 2nd quarter. IFP Advisors Inc now owns 2,215 shares of the company's stock worth $44,000 after acquiring an additional 1,053 shares during the last quarter. Fifth Third Bancorp increased its holdings in Mattel by 52.9% in the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock worth $54,000 after acquiring an additional 962 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in Mattel by 93.5% in the 1st quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock worth $58,000 after acquiring an additional 1,447 shares during the last quarter. 97.15% of the stock is 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.