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

Jefferies Financial Group upgraded shares of Mattel (NASDAQ:MAT) from a hold rating to a buy rating in a research note published on Wednesday morning, MarketBeat Ratings reports. Jefferies Financial Group currently has $28.00 target price on the stock, up from their prior target price of $20.00.

MAT has been the subject of a number of other research reports. Bank of America boosted their price objective on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley boosted their price target on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, DA Davidson reissued a “buy” rating and set a $27.00 target price on shares of Mattel in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mattel presently has an average rating of “Moderate Buy” and an average price target of $25.57.

Mattel Price Performance

Shares of NASDAQ MAT opened at $20.84 on Wednesday. The firm has a market cap of $7.02 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 0.88 and a beta of 0.76. The business’s 50 day moving average is $18.46 and its 200-day moving average is $18.82. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. Mattel has a 1-year low of $15.87 and a 1-year high of $21.35.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the business posted $0.29 EPS. Equities research analysts predict that Mattel will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. lifted 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 last quarter. V Square Quantitative Management LLC acquired a new position in Mattel during the 3rd quarter worth approximately $29,000. Prospera Private Wealth LLC bought a new position in Mattel in the 3rd quarter valued at approximately $34,000. West Oak Capital LLC boosted its position in Mattel by 9,775.0% in the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after buying an additional 1,955 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Mattel by 38.3% during the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after buying an additional 775 shares during the last quarter. 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.