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 note issued to investors on Thursday.

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

Mattel Trading Up 1.2 %

NASDAQ:MAT opened at $17.94 on Thursday. The stock has a fifty day moving average price of $18.83 and a 200 day moving average price of $18.52. 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 12-month low of $15.87 and a 12-month high of $20.59. The firm has a market cap of $6.04 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.97 and a beta of 0.75.

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

Institutional Trading of Mattel

A number of hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its holdings 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 acquiring an additional 693 shares in the last quarter. GAMMA Investing LLC lifted its position in Mattel by 26.6% in the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after purchasing an additional 744 shares during the period. State of Alaska Department of Revenue boosted its holdings 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 purchasing an additional 1,160 shares in the last quarter. KBC Group NV increased its position in Mattel by 13.8% during the 3rd quarter. KBC Group NV now owns 10,166 shares of the company’s stock worth $194,000 after purchasing an additional 1,229 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Mattel by 584.3% during the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

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.