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

Mattel (NASDAQ:MAT) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a $28.00 target price on the stock, up from their previous target price of $20.00. Jefferies Financial Group’s price target points to a potential upside of 54.95% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. DA Davidson reiterated a “buy” rating and set a $27.00 price target on shares of Mattel in a research note on Thursday, October 24th. Morgan Stanley increased their price target on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, Bank of America increased their price target on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Mattel Stock Up 1.6 %

MAT stock opened at $18.07 on Wednesday. The stock’s fifty day simple moving average is $18.42 and its two-hundred day simple moving average is $18.80. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. Mattel has a 1-year low of $15.87 and a 1-year high of $20.59. The stock has a market cap of $6.09 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.88 and a beta of 0.76.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 previous year, the company earned $0.29 EPS. Analysts expect that Mattel will post 1.5 EPS for the current year.

Institutional Trading of Mattel

Institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. raised its holdings in shares of Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after acquiring an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Mattel in the 3rd quarter valued at about $29,000. Prospera Private Wealth LLC purchased a new stake in shares of Mattel in the 3rd quarter valued at about $34,000. West Oak Capital LLC raised its holdings in shares of 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 in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Mattel by 38.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $53,000 after acquiring an additional 775 shares in 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.