Mattel (NASDAQ:MAT) Upgraded at StockNews.com

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

Other equities analysts also recently issued reports about the stock. Morgan Stanley upped their price objective on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. DA Davidson upped their price objective on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and upped their price objective for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.57.

Mattel Stock Performance

NASDAQ MAT opened at $19.75 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The firm’s fifty day moving average price is $19.86 and its two-hundred day moving average price is $19.23. Mattel has a 1 year low of $15.87 and a 1 year high of $22.07. The firm has a market capitalization of $6.58 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period in the prior year, the company earned $0.29 EPS. As a group, research analysts anticipate that Mattel will post 1.7 EPS for the current year.

Institutional Investors Weigh In On Mattel

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock worth $27,000 after buying an additional 926 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in Mattel during the third quarter worth about $34,000. West Oak Capital LLC grew its stake in Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after buying an additional 1,955 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in Mattel during the fourth quarter worth about $51,000. Finally, Quarry LP grew its stake in Mattel by 130.3% during the fourth quarter. Quarry LP now owns 3,148 shares of the company’s stock worth $56,000 after buying an additional 1,781 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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.