Mattel (NASDAQ:MAT) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Mattel (NASDAQ:MAT - Free Report) from a hold rating to a buy rating in a report released on Tuesday.

Several other equities analysts have also issued reports on MAT. DA Davidson reissued a "buy" rating and set a $27.00 price objective on shares of Mattel 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 stock a "buy" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on shares of Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Morgan Stanley lifted their price objective on shares of Mattel from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group raised their target price 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. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.75.

Mattel Trading Up 0.7 %

Shares of MAT stock traded up $0.12 on Tuesday, reaching $17.94. 1,149,874 shares of the company's stock were exchanged, compared to its average volume of 3,224,823. The company's fifty day simple moving average is $18.95 and its 200 day simple moving average is $18.50. The stock has a market capitalization of $6.04 billion, a PE ratio of 11.21, a P/E/G 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. Mattel has a 52 week low of $15.87 and a 52 week high of $20.59.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The firm's revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. As a group, analysts forecast that Mattel will post 1.46 EPS for the current year.

Institutional Trading of Mattel

Hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. lifted its position in Mattel by 20,152.4% in the second quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company's stock valued at $178,783,000 after buying an additional 10,940,943 shares during the last quarter. State Street Corp grew its stake in shares of Mattel by 3.1% in the third quarter. State Street Corp now owns 10,517,270 shares of the company's stock worth $200,354,000 after acquiring an additional 318,125 shares in the last quarter. Franklin Resources Inc. increased its position in shares of 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 acquiring an additional 4,270,162 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Mattel by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company's stock valued at $119,862,000 after acquiring an additional 27,204 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Mattel by 0.3% in the third quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company's stock valued at $116,896,000 after purchasing an additional 17,309 shares during the period. 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.