Wall Street Zen Upgrades Mattel (NASDAQ:MAT) to "Buy"

Wall Street Zen upgraded shares of Mattel (NASDAQ:MAT - Free Report) from a hold rating to a buy rating in a report released on Saturday morning.

MAT has been the topic of a number of other reports. Morgan Stanley lifted their target price on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. The Goldman Sachs Group decreased their price objective on Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Citigroup lifted their price target on Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and lifted their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, DA Davidson reissued a "buy" rating and issued a $30.00 price objective on shares of Mattel in a research note on Thursday, May 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.14.

Mattel Stock Up 1.9%

NASDAQ:MAT traded up $0.36 during trading hours on Friday, hitting $19.39. The stock had a trading volume of 2,693,976 shares, compared to its average volume of 3,741,288. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. Mattel has a 1-year low of $13.95 and a 1-year high of $22.07. The business has a 50 day simple moving average of $17.29 and a two-hundred day simple moving average of $18.65. The company has a market cap of $6.26 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61.

Mattel (NASDAQ:MAT - Get Free Report) last released its earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.08. Mattel had a return on equity of 25.94% and a net margin of 10.07%. The company had revenue of $826.60 million during the quarter, compared to analysts' expectations of $791.49 million. During the same period in the prior year, the business posted ($0.05) EPS. The business's revenue was up 2.1% on a year-over-year basis. Analysts predict that Mattel will post 1.7 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MAT. Nisa Investment Advisors LLC lifted its position in shares of Mattel by 6.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 27,415 shares of the company's stock valued at $486,000 after buying an additional 1,620 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Mattel during the fourth quarter worth approximately $538,000. KBC Group NV increased its stake in shares of Mattel by 47.4% during the fourth quarter. KBC Group NV now owns 14,984 shares of the company's stock worth $266,000 after purchasing an additional 4,818 shares during the period. Hantz Financial Services Inc. increased its stake in Mattel by 14.7% during the 4th quarter. Hantz Financial Services Inc. now owns 197,593 shares of the company's stock worth $3,503,000 after acquiring an additional 25,256 shares during the period. Finally, Stratos Wealth Advisors LLC bought a new position in Mattel during the 4th quarter worth $1,428,000. 97.15% of the stock is currently owned by institutional investors.

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.