Mattel (NASDAQ:MAT) Stock Rating Lowered by StockNews.com

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

Several other brokerages also recently weighed in on MAT. DA Davidson upped their target price on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Morgan Stanley lifted their price objective on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Finally, Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.57.

Mattel Stock Up 0.6 %

Shares of NASDAQ MAT opened at $20.57 on Tuesday. The stock has a fifty day moving average price of $19.48 and a 200 day moving average price of $19.16. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. Mattel has a 12-month low of $15.87 and a 12-month high of $22.07. The company has a market cap of $6.85 billion, a P/E ratio of 12.86, a P/E/G ratio of 2.35 and a beta of 0.76.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period last year, the company earned $0.29 earnings per share. Research analysts anticipate that Mattel will post 1.7 EPS for the current fiscal year.

Institutional Trading of Mattel

A number of large investors have recently modified their holdings of the company. EdgePoint Investment Group Inc. grew its position in Mattel by 14.9% in the 4th quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company’s stock worth $818,681,000 after purchasing an additional 5,984,400 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Mattel by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company’s stock worth $587,469,000 after buying an additional 355,769 shares during the period. Franklin Resources Inc. grew its holdings in Mattel by 15.9% in the 4th quarter. Franklin Resources Inc. now owns 10,843,505 shares of the company’s stock worth $192,255,000 after buying an additional 1,491,282 shares in the last quarter. State Street Corp increased its position in Mattel by 3.1% in the 3rd quarter. State Street Corp now owns 10,517,270 shares of the company’s stock valued at $200,354,000 after acquiring an additional 318,125 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Mattel by 7.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,673,295 shares of the company’s stock valued at $118,318,000 after acquiring an additional 453,390 shares in the last quarter. Institutional investors and hedge funds 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.