Mattel (NASDAQ:MAT) Rating Increased to Strong-Buy at DA Davidson

DA Davidson upgraded shares of Mattel (NASDAQ:MAT) to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on MAT. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and raised their price target for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Finally, Morgan Stanley boosted their price target on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.57.

Mattel Trading Up 1.3 %

NASDAQ:MAT opened at $15.24 on Monday. The company has a market cap of $4.92 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51. Mattel has a twelve month low of $13.95 and a twelve month high of $22.07. The business has a 50 day moving average price of $19.68 and a two-hundred day moving average price of $19.06. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the firm earned $0.29 EPS. As a group, analysts expect that Mattel will post 1.7 EPS for the current fiscal year.

Institutional Trading of Mattel

A number of hedge funds have recently made changes to their positions in MAT. Magnetar Financial LLC bought a new stake in Mattel in the 4th quarter valued at $944,000. Arrowstreet Capital Limited Partnership raised its position in shares of Mattel by 34.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company’s stock valued at $37,760,000 after purchasing an additional 545,300 shares during the period. Vanguard Group Inc. lifted its stake in shares of Mattel by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company’s stock worth $587,469,000 after buying an additional 355,769 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Mattel by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company’s stock worth $77,847,000 after buying an additional 127,064 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Mattel during the 4th quarter worth about $660,000. 97.15% of the stock is owned by institutional investors and hedge funds.

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.