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

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

MAT has been the subject of a number of other reports. DA Davidson restated a “buy” rating and issued a $27.00 price target on shares of Mattel in a report on Thursday, October 24th. Jefferies Financial Group boosted their price objective 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. lifted their price target on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Bank of America raised their price objective on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley raised their price target on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.75.

Mattel Price Performance

Shares of MAT opened at $17.94 on Tuesday. The business has a 50-day moving average of $18.94 and a 200-day moving average of $18.50. Mattel has a 1 year low of $15.87 and a 1 year high of $20.59. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 0.97 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88.

Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping 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 business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm earned $1.08 earnings per share. Mattel’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, equities research analysts anticipate that Mattel will post 1.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in Mattel by 584.3% during the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after acquiring an additional 1,268 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Mattel in the third quarter worth $29,000. Prospera Private Wealth LLC purchased a new stake in shares of Mattel in the third quarter worth $34,000. GAMMA Investing LLC grew its position in Mattel by 38.3% during the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after buying an additional 775 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Mattel by 74.2% in the 3rd quarter. Blue Trust Inc. now owns 3,610 shares of the company’s stock worth $69,000 after acquiring an additional 1,538 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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.