Mattel (NASDAQ:MAT) Upgraded by Jefferies Financial Group to Buy Rating

Mattel (NASDAQ:MAT) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a $28.00 target price on the stock, up from their prior target price of $20.00. Jefferies Financial Group’s price objective would suggest a potential upside of 30.66% from the company’s current price.

MAT has been the topic of a number of other research reports. StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price target 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 restated a “buy” rating and set a $27.00 price target on shares of Mattel in a research report on Thursday, October 24th. Morgan Stanley raised their price target on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Finally, Bank of America raised 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.57.

Mattel Trading Up 2.8 %

Shares of MAT stock opened at $21.43 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. Mattel has a 52-week low of $15.87 and a 52-week high of $21.88. The company has a market capitalization of $7.22 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 0.88 and a beta of 0.76. The business’s fifty day moving average is $18.51 and its 200 day moving average is $18.84.

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, 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 period in the prior year, the firm earned $0.29 EPS. On average, equities research analysts anticipate that Mattel will post 1.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MAT. State Street Corp grew its stake in shares of Mattel by 3.1% in the third quarter. State Street Corp now owns 10,517,270 shares of the company’s stock worth $200,354,000 after purchasing an additional 318,125 shares during the last quarter. Franklin Resources Inc. boosted its position in Mattel by 84.0% during the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after acquiring an additional 4,270,162 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Mattel by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company’s stock valued at $119,862,000 after acquiring an additional 27,204 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Mattel by 0.3% during the third quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock valued at $116,896,000 after purchasing an additional 17,309 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Mattel by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company’s stock valued at $77,847,000 after purchasing an additional 127,064 shares during the last quarter. Hedge funds and other institutional investors 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.