StockNews.com Upgrades Mattel (NASDAQ:MAT) to “Buy”

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

Several other equities research analysts have also commented on MAT. JPMorgan Chase & Co. boosted their price objective 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. Bank of America upped their price target 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 lifted their price objective on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Jefferies Financial Group increased their target price on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Finally, 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.75.

Mattel Trading Up 1.2 %

Shares of Mattel stock opened at $17.94 on Thursday. The company has a 50-day moving average of $18.83 and a two-hundred day moving average of $18.52. Mattel has a 12-month low of $15.87 and a 12-month high of $20.59. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The stock 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 released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.19. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. Mattel’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the business posted $1.08 EPS. On average, research analysts anticipate that Mattel will post 1.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Mattel

Several large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its stake in shares of Mattel by 2.8% during the 3rd 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 during the last quarter. GAMMA Investing LLC raised its stake in 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 purchasing an additional 744 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of 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 during the last quarter. KBC Group NV boosted its holdings in shares of Mattel by 13.8% in the 3rd quarter. KBC Group NV now owns 10,166 shares of the company’s stock valued at $194,000 after purchasing an additional 1,229 shares during the last quarter. Finally, UMB Bank n.a. grew 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 valued at $28,000 after buying an additional 1,268 shares during the period. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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.