Mattel (NASDAQ:MAT) Stock Price Expected to Rise, DA Davidson Analyst Says

Mattel (NASDAQ:MAT) had its target price boosted by DA Davidson from $27.00 to $30.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 39.99% from the company’s current price.

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

Mattel Stock Performance

Shares of NASDAQ:MAT opened at $21.43 on Wednesday. The stock has a market capitalization of $7.22 billion, a P/E ratio of 13.39, 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 has a 1-year low of $15.87 and a 1-year high of $21.88. The business has a 50-day moving average price of $18.51 and a two-hundred day moving average price of $18.84.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating 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 period in the prior year, the business posted $0.29 EPS. Equities analysts predict that Mattel will post 1.5 earnings per share for the current year.

Hedge Funds Weigh In On Mattel

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its holdings in Mattel by 198.8% during the third quarter. SG Americas Securities LLC now owns 57,312 shares of the company’s stock valued at $1,092,000 after purchasing an additional 38,134 shares during the period. Handelsbanken Fonder AB grew its stake in shares of Mattel by 13.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 88,200 shares of the company’s stock worth $1,680,000 after acquiring an additional 10,300 shares during the period. GAMMA Investing LLC increased its holdings in Mattel by 38.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after acquiring an additional 775 shares during the last quarter. UMB Bank n.a. raised its stake in Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after acquiring an additional 1,268 shares during the period. Finally, Creative Planning increased its stake in shares of Mattel by 42.8% in the third quarter. Creative Planning now owns 15,026 shares of the company’s stock worth $286,000 after purchasing an additional 4,504 shares in the last quarter. Hedge funds and other 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.