Mattel (NASDAQ:MAT) Upgraded at StockNews.com

Mattel (NASDAQ:MAT) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

A number of other research firms have also commented on MAT. Morgan Stanley raised their price objective on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. DA Davidson reaffirmed a “buy” rating and issued a $27.00 target price on shares of Mattel in a research report on Thursday, October 24th. Jefferies Financial Group lifted 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. increased their price objective 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 upped their target price on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.75.

Mattel Stock Performance

Shares of NASDAQ MAT opened at $17.73 on Thursday. 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 has a 52-week low of $15.87 and a 52-week high of $20.59. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.97 and a beta of 0.76. The stock’s fifty day simple moving average is $18.86 and its 200 day simple moving average is $18.52.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The business’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that Mattel will post 1.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mattel

A number of large investors have recently bought and sold shares of MAT. Barington Capital Group L.P. grew its position in shares of Mattel by 25.3% in the second quarter. Barington Capital Group L.P. now owns 595,000 shares of the company’s stock valued at $9,675,000 after purchasing an additional 120,000 shares during the last quarter. Citigroup Inc. boosted its holdings in Mattel by 449.9% in the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock valued at $5,562,000 after purchasing an additional 238,884 shares during the period. FORA Capital LLC acquired a new stake in Mattel in the 3rd quarter worth $1,003,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Mattel by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock worth $81,222,000 after purchasing an additional 114,305 shares during the period. Finally, Hantz Financial Services Inc. raised its position in shares of Mattel by 53.2% during the third quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock valued at $3,283,000 after buying an additional 59,845 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors.

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.