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 research report sent to investors on Wednesday morning.

MAT has been the subject of several other research reports. Morgan Stanley raised their price target 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. DA Davidson raised their price objective on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.57.

Mattel Stock Up 0.5 %

MAT stock opened at $19.75 on Wednesday. The stock has a market capitalization of $6.58 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. Mattel has a 12 month low of $15.87 and a 12 month high of $22.07. The firm has a 50-day moving average price of $19.86 and a 200-day moving average price of $19.23.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the firm posted $0.29 earnings per share. As a group, equities research analysts anticipate that Mattel will post 1.7 EPS for the current fiscal year.

Institutional Trading of Mattel

Several hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake 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 acquiring an additional 926 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in Mattel during the 3rd quarter valued at about $34,000. West Oak Capital LLC grew its holdings 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 buying an additional 1,955 shares in the last quarter. TD Private Client Wealth LLC purchased a new position in Mattel during the 4th quarter valued at about $51,000. Finally, Quarry LP grew its holdings 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 buying an additional 1,781 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.