Mattel (NASDAQ:MAT) Raised to “Buy” at StockNews.com

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

Other research analysts also recently issued research reports about the company. Morgan Stanley increased their target price on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Bank of America raised their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Jefferies Financial Group lifted their price target on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. Finally, DA Davidson restated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.75.

Mattel Stock Up 0.5 %

Shares of Mattel stock opened at $18.12 on Thursday. Mattel has a twelve month low of $15.87 and a twelve month high of $20.59. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. The company’s 50 day moving average is $18.43 and its 200 day moving average is $18.66. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 0.86 and a beta of 0.75.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the firm earned $1.08 EPS. The company’s revenue 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 Inflows and Outflows

Large investors have recently modified their holdings of the company. Hsbc Holdings PLC increased its stake in Mattel by 431.1% in the 2nd quarter. Hsbc Holdings PLC now owns 170,185 shares of the company’s stock worth $2,788,000 after buying an additional 138,140 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Mattel in the second quarter worth about $915,000. Sei Investments Co. grew its position in shares of Mattel by 1.0% during the second quarter. Sei Investments Co. now owns 194,669 shares of the company’s stock worth $3,165,000 after purchasing an additional 1,878 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in Mattel by 39.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 170,871 shares of the company’s stock valued at $2,778,000 after purchasing an additional 48,675 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in Mattel in the 2nd quarter worth approximately $1,165,000. Hedge funds and other institutional investors 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.