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.

Several other research firms have also recently commented on MAT. Morgan Stanley upped 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. Jefferies Financial Group upped their price target on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price objective on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. DA Davidson reissued a “buy” rating and issued a $27.00 price target on shares of Mattel in a report on Thursday, October 24th. Finally, Bank of America upped their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Five investment 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, Mattel presently has an average rating of “Moderate Buy” and a consensus target price of $23.75.

Mattel Price Performance

NASDAQ MAT opened at $17.73 on Thursday. The company has a 50 day moving average price of $18.85 and a two-hundred day moving average price of $18.51. Mattel has a 12-month low of $15.87 and a 12-month high of $20.59. The stock has a market capitalization of $5.97 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.97 and a beta of 0.76. 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 (NASDAQ:MAT) last posted its earnings results 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 company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The business’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. As a group, equities analysts predict that Mattel will post 1.46 earnings per share for the current fiscal year.

Institutional Trading of Mattel

Institutional investors have recently modified their holdings of the company. UMB Bank n.a. grew its stake in Mattel by 584.3% in the third 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 in the last quarter. V Square Quantitative Management LLC acquired a new stake in Mattel in the 3rd quarter valued at about $29,000. Prospera Private Wealth LLC bought a new position in Mattel during the third quarter worth about $34,000. GAMMA Investing LLC increased its position in Mattel by 38.3% during the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after buying an additional 775 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Mattel by 74.2% in the third quarter. Blue Trust Inc. now owns 3,610 shares of the company’s stock valued at $69,000 after buying an additional 1,538 shares during the last quarter. 97.15% of the stock is currently owned by 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.