Morgan Stanley Boosts Mattel (NASDAQ:MAT) Price Target to $17.00

Mattel (NASDAQ:MAT - Get Free Report) had its price objective hoisted by Morgan Stanley from $16.00 to $17.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price target would indicate a potential upside of 1.58% from the stock's current price.

Other analysts also recently issued reports about the stock. StockNews.com upgraded shares of Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. DA Davidson upgraded Mattel to a "strong-buy" rating in a research note on Monday, April 14th. Finally, Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and lifted their price target for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $25.20.

Mattel Trading Up 3.3 %

MAT traded up $0.54 during trading on Tuesday, reaching $16.74. 3,037,241 shares of the company's stock were exchanged, compared to its average volume of 3,618,822. The company's fifty day moving average price is $17.82 and its 200-day moving average price is $18.68. The firm has a market capitalization of $5.40 billion, a PE ratio of 10.46, a P/E/G ratio of 2.35 and a beta of 0.61. Mattel has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.08. Mattel had a return on equity of 25.94% and a net margin of 10.07%. The business had revenue of $826.60 million during the quarter, compared to analysts' expectations of $791.49 million. During the same period in the previous year, the firm earned ($0.05) earnings per share. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Mattel will post 1.7 EPS for the current year.

Institutional Investors Weigh In On Mattel

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Magnetar Financial LLC acquired a new stake in shares of Mattel during the 4th quarter worth $944,000. Arrowstreet Capital Limited Partnership increased its holdings in Mattel by 34.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company's stock valued at $37,760,000 after buying an additional 545,300 shares during the period. Vanguard Group Inc. raised its position in shares of Mattel by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company's stock valued at $587,469,000 after buying an additional 355,769 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Mattel during the 4th quarter worth approximately $660,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Mattel by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company's stock valued at $77,847,000 after purchasing an additional 127,064 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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.

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