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 research note issued to investors on Thursday.

Several other analysts have also recently weighed in on the company. Jefferies Financial Group upped their target price on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. upped 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. Morgan Stanley increased their price objective on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Bank of America boosted their target price on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, DA Davidson reiterated a “buy” rating and issued a $27.00 price target on shares of Mattel in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Mattel currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.75.

Mattel Stock Up 0.5 %

Shares of Mattel stock opened at $18.12 on Thursday. 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 12-month low of $15.87 and a 12-month high of $20.59. The company has a market cap of $6.10 billion, a P/E ratio of 11.33, a PEG ratio of 0.86 and a beta of 0.75. The company’s fifty day simple moving average is $18.43 and its two-hundred day simple moving average is $18.66.

Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share 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 firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. Research analysts anticipate that Mattel will post 1.45 EPS for the current year.

Institutional Trading of Mattel

Institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in Mattel by 84.0% in the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock worth $176,757,000 after buying an additional 4,270,162 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Mattel during the fourth quarter valued at approximately $53,238,000. Millennium Management LLC raised its holdings in Mattel by 92.5% in the 2nd quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock worth $39,947,000 after acquiring an additional 1,180,301 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Mattel by 54.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,582,369 shares of the company’s stock valued at $30,144,000 after acquiring an additional 558,213 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in Mattel during the 3rd quarter valued at $8,997,000. 97.15% of the stock is 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.