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

Mattel (NASDAQ:MAT) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Several other research analysts have also issued reports on MAT. Bank of America increased their price target on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. 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. Morgan Stanley upped their price objective on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Jefferies Financial Group raised their price objective on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. Finally, DA Davidson reissued a “buy” rating and set a $27.00 target price on shares of Mattel in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.75.

Mattel Stock Performance

Shares of Mattel stock opened at $17.94 on Tuesday. The company has a market cap of $6.04 billion, a P/E ratio of 11.21, a PEG ratio of 0.97 and a beta of 0.76. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The business has a 50-day moving average price of $18.92 and a two-hundred day moving average price of $18.50. Mattel has a 1-year low of $15.87 and a 1-year high of $20.59.

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

Institutional Trading of Mattel

Institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in Mattel by 20,152.4% in the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock valued at $178,783,000 after purchasing an additional 10,940,943 shares during the period. Franklin Resources Inc. grew its position in Mattel by 84.0% during 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 in the last quarter. LSV Asset Management bought a new position in Mattel in the 2nd quarter worth about $32,559,000. Dimensional Fund Advisors LP raised its holdings in shares of Mattel by 34.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock valued at $94,215,000 after acquiring an additional 1,479,227 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Mattel by 92.5% during the 2nd quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock valued at $39,947,000 after acquiring an additional 1,180,301 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

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.