StockNews.com Upgrades Mattel (NASDAQ:MAT) to “Buy”

Mattel (NASDAQ:MAT) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

A number of other equities analysts have also issued reports on MAT. Jefferies Financial Group upped their target price on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, October 1st. Bank of America boosted their price objective on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 24th. DA Davidson reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Mattel in a report on Thursday, October 24th. Morgan Stanley increased their target price on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their target price on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.75.

Mattel Stock Up 0.2 %

Shares of NASDAQ MAT opened at $18.03 on Thursday. The firm has a fifty day moving average of $18.45 and a 200-day moving average of $18.67. The stock has a market capitalization of $6.07 billion, a PE ratio of 11.27, a P/E/G ratio of 0.86 and a beta of 0.75. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. Mattel has a 52-week low of $15.87 and a 52-week high of $20.59.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 EPS. On average, analysts anticipate that Mattel will post 1.45 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. UMB Bank n.a. lifted 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 worth $28,000 after acquiring an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Mattel during the 3rd quarter valued at $29,000. Prospera Private Wealth LLC acquired a new stake in shares of Mattel during the 3rd quarter valued at $34,000. West Oak Capital LLC grew its holdings in shares of Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after acquiring an additional 1,955 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake 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 last quarter. 97.15% of the stock is owned by hedge funds and other 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.