Mattel (NASDAQ:MAT) Upgraded to “Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Mattel (NASDAQ:MAT) from a hold rating to a buy rating in a research note published on Wednesday, Marketbeat.com reports. Jefferies Financial Group currently has $28.00 price objective on the stock, up from their previous price objective of $20.00.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley boosted their price objective on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. DA Davidson reiterated a “buy” rating and set a $27.00 price objective on shares of Mattel in a report on Thursday, October 24th. Bank of America boosted their target price on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, StockNews.com cut shares of Mattel from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.57.

Mattel Stock Up 15.3 %

Shares of Mattel stock opened at $20.84 on Wednesday. The company has a market capitalization of $7.02 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 0.88 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. The business has a 50-day moving average of $18.46 and a two-hundred day moving average of $18.82. Mattel has a 1 year low of $15.87 and a 1 year high of $21.35.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.39% and a net margin of 10.24%. During the same quarter in the previous year, the business posted $0.29 earnings per share. As a group, equities analysts predict that Mattel will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Mattel

Several large investors have recently made changes to their positions in MAT. UMB Bank n.a. grew its holdings in Mattel by 584.3% during the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Mattel during the 3rd quarter worth approximately $29,000. Prospera Private Wealth LLC bought a new position in shares of Mattel during the 3rd quarter worth approximately $34,000. West Oak Capital LLC raised its stake in Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after acquiring an additional 1,955 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Mattel by 38.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $53,000 after purchasing an additional 775 shares during the last quarter. 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.