Mattel (NASDAQ:MAT) Upgraded to Strong-Buy at DA Davidson

DA Davidson upgraded shares of Mattel (NASDAQ:MAT) to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other analysts have also recently commented on the stock. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Morgan Stanley upped their price objective on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and raised their target price for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.57.

Mattel Price Performance

Mattel stock opened at $15.24 on Monday. The business’s 50-day simple moving average is $19.68 and its 200 day simple moving average is $19.06. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 2.35 and a beta of 0.51. Mattel has a 12-month low of $13.95 and a 12-month high of $22.07.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period last year, the firm posted $0.29 EPS. As a group, research analysts anticipate that Mattel will post 1.7 earnings per share for the current year.

Institutional Investors Weigh In On Mattel

A number of hedge funds have recently modified their holdings of MAT. M&T Bank Corp increased its stake in Mattel by 17.7% during the 3rd quarter. M&T Bank Corp now owns 12,078 shares of the company’s stock worth $230,000 after purchasing an additional 1,815 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Mattel by 0.3% during the third quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock worth $116,896,000 after acquiring an additional 17,309 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Mattel by 84.0% during the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock worth $176,757,000 after acquiring an additional 4,270,162 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock worth $63,000 after acquiring an additional 744 shares during the period. Finally, Everence Capital Management Inc. bought a new stake in Mattel in the 4th quarter valued at $227,000. Institutional investors and hedge funds 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.