Mattel (NASDAQ:MAT) Upgraded at StockNews.com

StockNews.com upgraded shares of Mattel (NASDAQ:MAT) from a hold rating to a buy rating in a research report released on Saturday.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley increased their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. increased their price target on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Bank of America boosted their price objective on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. DA Davidson increased their target price on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and boosted their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mattel presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.57.

Mattel Trading Down 0.8 %

Shares of MAT opened at $21.30 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.88 and a current ratio of 2.38. Mattel has a one year low of $15.87 and a one year high of $21.88. The stock has a 50-day moving average price of $18.61 and a 200 day moving average price of $18.88. The company has a market capitalization of $7.18 billion, a P/E ratio of 13.31, a P/E/G ratio of 2.32 and a beta of 0.76.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.29 EPS. Sell-side analysts forecast that Mattel will post 1.69 EPS for the current fiscal year.

Institutional Trading of Mattel

Several hedge funds and other institutional investors have recently modified their holdings of MAT. Thompson Siegel & Walmsley LLC grew its position in Mattel by 13.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 537,687 shares of the company’s stock valued at $9,533,000 after purchasing an additional 65,379 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Mattel by 760.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 266,836 shares of the company’s stock valued at $4,731,000 after buying an additional 235,818 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Mattel by 150.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after acquiring an additional 926 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Mattel by 5.4% in the fourth quarter. HighTower Advisors LLC now owns 30,923 shares of the company’s stock worth $548,000 after acquiring an additional 1,575 shares during the last quarter. Finally, AGF Management Ltd. purchased a new stake in shares of Mattel during the fourth quarter worth $2,431,000. 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.