Mattel (NASDAQ:MAT) Given New $30.00 Price Target at DA Davidson

Mattel (NASDAQ:MAT) had its target price upped by DA Davidson from $27.00 to $30.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 43.95% from the company’s previous close.

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

Mattel Trading Up 15.3 %

NASDAQ:MAT traded up $2.77 during trading hours on Wednesday, reaching $20.84. 18,413,803 shares of the stock were exchanged, compared to its average volume of 3,325,553. Mattel has a twelve month low of $15.87 and a twelve month high of $21.35. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. The business has a 50-day moving average of $18.42 and a two-hundred day moving average of $18.80. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 0.88 and a beta of 0.76.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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 quarter last year, the firm earned $0.29 EPS. On average, equities analysts predict that Mattel will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Mattel

Several institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its position in Mattel by 2,698.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company’s stock worth $125,000 after acquiring an additional 6,826 shares during the last quarter. K.J. Harrison & Partners Inc increased its position in Mattel by 34.0% during the fourth quarter. K.J. Harrison & Partners Inc now owns 67,000 shares of the company’s stock worth $1,188,000 after buying an additional 17,000 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in shares of Mattel in the fourth quarter worth $256,000. Ieq Capital LLC acquired a new stake in shares of Mattel during the fourth quarter valued at $1,301,000. Finally, Alberta Investment Management Corp purchased a new stake in Mattel during the 4th quarter worth about $1,278,000. 97.15% of the stock is currently 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.