Mattel (NASDAQ:MAT) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Mattel (NASDAQ:MAT) from a hold rating to a buy rating in a report issued on Thursday morning.

Several other equities research analysts also recently weighed in on the company. Jefferies Financial Group increased their price target on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. Bank of America upped their price target on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. DA Davidson restated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. Morgan Stanley lifted their price target on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.86.

Mattel Stock Up 0.3 %

MAT stock opened at $18.18 on Thursday. 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. The stock has a market capitalization of $6.12 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.86 and a beta of 0.75. The firm has a 50 day moving average of $18.42 and a 200 day moving average of $18.70.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. Sell-side analysts forecast that Mattel will post 1.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MAT. Clear Harbor Asset Management LLC increased its position in shares of Mattel by 5.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company’s stock valued at $229,000 after acquiring an additional 675 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Mattel by 2.8% in the third quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock valued at $491,000 after buying an additional 693 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Mattel by 26.6% in the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after buying an additional 744 shares during the period. State of Alaska Department of Revenue grew its position in Mattel by 3.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock valued at $752,000 after acquiring an additional 1,160 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Mattel by 13.8% during the third quarter. KBC Group NV now owns 10,166 shares of the company’s stock worth $194,000 after purchasing an additional 1,229 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.