Mattel (NASDAQ:MAT) Price Target Raised to $22.00 at Morgan Stanley

Mattel (NASDAQ:MAT) had its target price upped by Morgan Stanley from $21.00 to $22.00 in a report published on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts also recently commented on MAT. Roth Mkm set a $20.00 target price on shares of Mattel and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. UBS Group lifted their price objective on Mattel from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. reduced their price objective on Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Zacks Research downgraded Mattel from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. Finally, Cfra Research downgraded Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.13.

Mattel Price Performance

NASDAQ MAT opened at $21.24 on Monday. Mattel has a one year low of $13.94 and a one year high of $22.25. The stock has a 50-day moving average of $20.72 and a 200 day moving average of $19.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.18 and a current ratio of 1.60. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 2.23 and a beta of 0.70.

Institutional Trading of Mattel

Institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in Mattel during the first quarter valued at about $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Mattel by 74.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock valued at $67,000 after buying an additional 1,468 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Mattel by 50.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock valued at $80,709,000 after buying an additional 1,393,000 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Mattel by 5.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company’s stock worth $15,135,000 after buying an additional 37,118 shares in the last quarter. Finally, Focus Partners Wealth purchased a new position in shares of Mattel in the first quarter worth $266,000. 97.15% of the stock is currently owned by institutional investors.

Mattel Company Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.