Mattel (NASDAQ:MAT) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Mattel (NASDAQ:MAT) from a hold rating to a buy rating in a report released on Saturday.

Other research analysts have also issued research reports about the company. DA Davidson increased their price objective on Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Bank of America increased their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. Morgan Stanley upped their price objective 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Mattel presently has a consensus rating of “Moderate Buy” and an average target price of $25.57.

Mattel Price Performance

NASDAQ MAT opened at $21.30 on Friday. The company has a 50 day moving average price of $18.61 and a two-hundred day moving average price of $18.88. Mattel has a 12-month low of $15.87 and a 12-month high of $21.88. The stock has a market capitalization of $7.18 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76. The company has a quick ratio of 1.88, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts predict that Mattel will post 1.69 earnings per share for the current fiscal year.

Institutional Trading of Mattel

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp increased its position in shares of Mattel by 3.1% during the third quarter. State Street Corp now owns 10,517,270 shares of the company’s stock valued at $200,354,000 after purchasing an additional 318,125 shares during the period. Franklin Resources Inc. increased its holdings in Mattel by 84.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after buying an additional 4,270,162 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Mattel by 0.4% in 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 buying an additional 27,204 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Mattel by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock valued at $116,896,000 after buying an additional 17,309 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Mattel by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company’s stock worth $77,847,000 after acquiring an additional 127,064 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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.