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

Mattel (NASDAQ:MAT - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a report issued on Thursday.

Several other equities analysts also recently weighed in on the stock. Morgan Stanley increased their price target 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. DA Davidson reissued a "buy" rating and set a $27.00 target price on shares of Mattel in a report on Thursday, October 24th. Jefferies Financial Group upped their price target on shares of Mattel from $18.25 to $20.00 and gave the company a "hold" rating in a report on Tuesday, October 1st. Bank of America lifted their price objective on Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their target price on Mattel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Mattel has a consensus rating of "Moderate Buy" and an average target price of $23.75.

Mattel Price Performance

NASDAQ MAT remained flat at $17.73 during trading on Thursday. The company's stock had a trading volume of 1,429,077 shares, compared to its average volume of 3,201,254. Mattel has a fifty-two week low of $15.87 and a fifty-two week high of $20.59. 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 company has a market capitalization of $5.97 billion, a P/E ratio of 11.08, a PEG ratio of 0.97 and a beta of 0.76. The firm's fifty day moving average is $18.86 and its 200 day moving average is $18.52.

Mattel (NASDAQ:MAT - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.19. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. Mattel's revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. Analysts expect that Mattel will post 1.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. increased its stake in Mattel by 584.3% during the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company's stock worth $28,000 after buying an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Mattel during the third quarter worth approximately $29,000. Prospera Private Wealth LLC acquired a new position in Mattel in the 3rd quarter valued at $34,000. GAMMA Investing LLC lifted its holdings in Mattel by 38.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock valued at $53,000 after purchasing an additional 775 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Mattel by 74.2% in the 3rd quarter. Blue Trust Inc. now owns 3,610 shares of the company's stock valued at $69,000 after purchasing an additional 1,538 shares in the last quarter. 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.