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 released on Wednesday morning.

A number of other equities analysts have also recently issued reports on MAT. Morgan Stanley increased their price target on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and increased their target price for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, DA Davidson increased their target price on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.57.

Mattel Price Performance

Mattel stock opened at $20.49 on Wednesday. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 2.35 and a beta of 0.65. Mattel has a 52-week low of $15.87 and a 52-week high of $22.07. The stock’s 50 day moving average price is $19.82 and its two-hundred day moving average price is $19.23. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the business posted $0.29 EPS. On average, equities analysts predict that Mattel will post 1.7 earnings per share for the current year.

Hedge Funds Weigh In On Mattel

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in shares of Mattel by 150.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after purchasing an additional 926 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Mattel during the 3rd quarter valued at $34,000. West Oak Capital LLC increased its position in shares of Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after purchasing an additional 1,955 shares during the last quarter. TD Private Client Wealth LLC purchased a new stake in Mattel in the 4th quarter worth about $51,000. Finally, Quarry LP increased its holdings in Mattel by 130.3% in the 4th quarter. Quarry LP now owns 3,148 shares of the company’s stock worth $56,000 after acquiring an additional 1,781 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.