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 report published on Thursday.

A number of other analysts have also commented on the company. Jefferies Financial Group lifted their target price on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. raised their price target on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Bank of America boosted their price objective 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 boosted their target price on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, DA Davidson restated a “buy” rating and issued a $27.00 price target on shares of Mattel in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.86.

Mattel Stock Performance

NASDAQ:MAT opened at $18.18 on Thursday. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. Mattel has a twelve month low of $15.87 and a twelve month high of $20.59. The stock has a market cap of $6.12 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 0.86 and a beta of 0.75. The firm’s fifty day simple moving average is $18.42 and its 200 day simple moving average is $18.70.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the business earned $1.08 EPS. Mattel’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, research analysts predict that Mattel will post 1.46 EPS for the current year.

Hedge Funds Weigh In On Mattel

Hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its position in 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 purchasing an additional 1,268 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Mattel during the 3rd quarter worth $29,000. Prospera Private Wealth LLC purchased a new position in Mattel in the third quarter valued at about $34,000. West Oak Capital LLC raised its holdings in Mattel by 9,775.0% in the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after purchasing an additional 1,955 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Mattel by 38.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after acquiring an additional 775 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors.

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.