Mattel (NASDAQ:MAT) Stock Rating Upgraded by Jefferies Financial Group

Mattel (NASDAQ:MAT) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm presently has a $28.00 price target on the stock, up from their prior price target of $20.00. Jefferies Financial Group’s price target indicates a potential upside of 30.66% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Bank of America upped their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley upped their price target on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, DA Davidson reissued a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Mattel currently has an average rating of “Moderate Buy” and an average target price of $25.57.

Mattel Price Performance

Mattel stock opened at $21.43 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. Mattel has a 52 week low of $15.87 and a 52 week high of $21.88. The stock has a market capitalization of $7.22 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 0.88 and a beta of 0.76. The stock has a fifty day moving average of $18.51 and a 200-day moving average of $18.84.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.39% and a net margin of 10.24%. During the same quarter last year, the company posted $0.29 EPS. On average, sell-side analysts expect that Mattel will post 1.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mattel

Several institutional investors and hedge funds have recently bought and sold shares of MAT. UMB Bank n.a. boosted its holdings in shares of Mattel by 584.3% in the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after acquiring an additional 1,268 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Mattel in the third quarter worth $29,000. Prospera Private Wealth LLC bought a new position in shares of Mattel in the third quarter worth $34,000. West Oak Capital LLC boosted its holdings in shares of Mattel by 9,775.0% in the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after acquiring an additional 1,955 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Mattel by 38.3% in the third 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 period. 97.15% of the stock is owned by institutional investors.

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.