Mattel (NASDAQ:MAT) Upgraded at StockNews.com

Mattel (NASDAQ:MATGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

MAT has been the topic of a number of other reports. MKM Partners upgraded Mattel from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $24.00 to $30.00 in a report on Thursday, January 13th. DA Davidson lifted their target price on Mattel from $38.00 to $45.00 in a report on Monday, February 14th. JPMorgan Chase & Co. lifted their target price on Mattel from $31.00 to $33.00 in a report on Thursday, February 10th. Monness Crespi & Hardt lifted their price target on Mattel from $28.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, February 10th. Finally, Stifel Nicolaus upgraded Mattel from a “hold” rating to a “buy” rating and lifted their price target for the company from $27.00 to $33.00 in a report on Thursday, February 24th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Mattel has an average rating of “Buy” and an average target price of $31.22.

MAT opened at $22.19 on Friday. Mattel has a one year low of $17.94 and a one year high of $25.71. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.31 and a current ratio of 1.80. The stock’s fifty day moving average is $23.47 and its 200-day moving average is $21.94. The company has a market capitalization of $7.82 billion, a PE ratio of 8.63 and a beta of 1.44.

Mattel (NASDAQ:MATGet Rating) last issued its earnings results on Wednesday, February 9th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.20. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Mattel had a return on equity of 47.84% and a net margin of 16.81%. During the same period in the previous year, the firm posted $0.40 EPS. On average, equities research analysts forecast that Mattel will post 1.45 EPS for the current fiscal year.

In other Mattel news, EVP Zanatta Roberto Jacobo Isaias sold 51,761 shares of the business’s stock in a transaction dated Monday, February 14th. The stock was sold at an average price of $24.50, for a total value of $1,268,144.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Todd Bradley sold 9,000 shares of the business’s stock in a transaction dated Monday, February 14th. The stock was sold at an average price of $24.54, for a total value of $220,860.00. The disclosure for this sale can be found here. Insiders own 1.34% of the company’s stock.

Several large investors have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC lifted its position in shares of Mattel by 22.3% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,459 shares of the company’s stock worth $46,000 after purchasing an additional 448 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in Mattel by 5.1% during the fourth quarter. Advisor Group Holdings Inc. now owns 11,209 shares of the company’s stock valued at $240,000 after acquiring an additional 547 shares during the period. Estate Counselors LLC increased its stake in Mattel by 1.1% during the third quarter. Estate Counselors LLC now owns 53,450 shares of the company’s stock valued at $992,000 after acquiring an additional 600 shares during the period. US Bancorp DE increased its stake in Mattel by 16.0% during the third quarter. US Bancorp DE now owns 4,378 shares of the company’s stock valued at $81,000 after acquiring an additional 604 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Mattel by 6.2% during the third quarter. Commonwealth Equity Services LLC now owns 16,162 shares of the company’s stock valued at $299,000 after acquiring an additional 942 shares during the period. 98.59% of the stock is owned by institutional investors.

Mattel Company Profile (Get Rating)

Mattel, Inc is a global children’s entertainment company that specializes in the design and production of toys and consumer products. The company engages consumers through its portfolio of iconic franchises, including Barbie, Hot Wheels, American Girl, Fisher-Price, Thomas & Friends, UNO and MEGA. It operates through the following segments: North America, International and American Girl.

Read More

Analyst Recommendations for Mattel (NASDAQ:MAT)

Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.