Mattel (NASDAQ:MAT) Given “Buy” Rating at DA Davidson

Mattel (NASDAQ:MAT)‘s stock had its “buy” rating reaffirmed by investment analysts at DA Davidson in a report issued on Thursday, Benzinga reports. They presently have a $27.00 price target on the stock. DA Davidson’s price objective points to a potential upside of 51.86% from the stock’s previous close.

A number of other research analysts also recently weighed in on MAT. Jefferies Financial Group raised their price objective on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price objective on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Mattel Price Performance

Shares of MAT opened at $17.78 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.58 and a quick ratio of 1.81. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 1.25 and a beta of 0.79. The business’s 50-day moving average is $18.99 and its 200-day moving average is $18.28. Mattel has a fifty-two week low of $15.87 and a fifty-two week high of $20.48.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business earned $0.10 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis. Equities research analysts expect that Mattel will post 1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Mattel

Several institutional investors have recently bought and sold shares of MAT. Capital International Investors increased its stake in shares of Mattel by 4.6% in the first quarter. Capital International Investors now owns 19,231,375 shares of the company’s stock valued at $380,974,000 after buying an additional 845,368 shares in the last quarter. Ariel Investments LLC lifted its position in shares of Mattel by 0.7% during the first quarter. Ariel Investments LLC now owns 15,583,293 shares of the company’s stock worth $308,705,000 after purchasing an additional 112,786 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Mattel by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock valued at $231,487,000 after purchasing an additional 180,855 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Mattel by 20,152.4% during the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after buying an additional 10,940,943 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Mattel by 34.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock valued at $94,215,000 after acquiring an additional 1,479,227 shares during the period. 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.