Mattel (NASDAQ:MAT) Upgraded to “Buy” by DA Davidson

DA Davidson upgraded shares of Mattel (NASDAQ:MAT) from a neutral rating to a buy rating in a research note issued to investors on Friday, Anlyst Ratings reports. DA Davidson currently has $18.00 target price on the stock, up from their prior target price of $11.00.

MAT has been the topic of a number of other reports. MKM Partners raised their price target on Mattel from $9.00 to $13.00 and gave the company a neutral rating in a research note on Friday, July 24th. Wells Fargo & Company restated a buy rating on shares of Mattel in a research note on Friday, July 24th. ValuEngine cut Mattel from a buy rating to a hold rating in a research report on Tuesday, August 11th. Zacks Investment Research upgraded Mattel from a hold rating to a buy rating and set a $12.00 target price on the stock in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group lifted their target price on Mattel from $13.00 to $13.50 and gave the stock a buy rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $15.46.

NASDAQ:MAT opened at $13.75 on Friday. Mattel has a 12-month low of $6.53 and a 12-month high of $14.83. The company has a current ratio of 1.47, a quick ratio of 0.96 and a debt-to-equity ratio of 33.09. The firm has a market cap of $4.77 billion, a PE ratio of -19.10 and a beta of 1.51. The stock has a fifty day moving average price of $11.95 and a 200 day moving average price of $10.47.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.57. Mattel had a negative return on equity of 51.02% and a negative net margin of 5.82%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the firm earned $0.26 earnings per share. Mattel’s quarterly revenue was up 10.1% on a year-over-year basis. Equities analysts forecast that Mattel will post -0.12 EPS for the current year.

A number of hedge funds have recently modified their holdings of the stock. Xponance Inc. increased its position in Mattel by 10.6% in the 3rd quarter. Xponance Inc. now owns 57,767 shares of the company’s stock valued at $676,000 after acquiring an additional 5,527 shares during the period. Alberta Investment Management Corp purchased a new stake in Mattel in the 3rd quarter valued at approximately $635,000. IBM Retirement Fund purchased a new stake in Mattel in the 3rd quarter valued at approximately $131,000. DAVENPORT & Co LLC purchased a new stake in Mattel in the 3rd quarter valued at approximately $125,000. Finally, North Star Investment Management Corp. purchased a new stake in Mattel in the 3rd quarter valued at approximately $349,000.

Mattel Company Profile

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Enchantimals, and Polly Pocket brands; dolls and books under the American Girl brand name; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, Power wheels, Fireman Sam, and Shimmer and Shine brands.

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Analyst Recommendations for Mattel (NASDAQ:MAT)

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