Mattel (NASDAQ:MAT) Rating Increased to Buy at StockNews.com

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

MAT has been the subject of a number of other research reports. Morgan Stanley increased their target price on shares of Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and increased their target price for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, DA Davidson upped their price objective on Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Three 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.57.

Mattel Trading Down 0.8 %

MAT opened at $20.49 on Wednesday. Mattel has a twelve month low of $15.87 and a twelve month high of $22.07. The company has a 50-day simple moving average of $19.82 and a 200 day simple moving average of $19.23. 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 capitalization of $6.83 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 2.35 and a beta of 0.65.

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 net margin of 10.07% and a return on equity of 25.94%. During the same quarter in the previous year, the business earned $0.29 earnings per share. Analysts predict that Mattel will post 1.7 EPS for the current fiscal year.

Institutional Trading of Mattel

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in 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 purchasing an additional 926 shares during the period. Prospera Private Wealth LLC acquired a new stake in Mattel during the 3rd quarter valued at approximately $34,000. West Oak Capital LLC increased its position in Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after purchasing an additional 1,955 shares during the period. TD Private Client Wealth LLC acquired a new stake in Mattel during the 4th quarter valued at approximately $51,000. Finally, Quarry LP increased its position in Mattel by 130.3% during the 4th quarter. Quarry LP now owns 3,148 shares of the company’s stock valued at $56,000 after purchasing an additional 1,781 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Company Profile

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.