Mattel’s (MAT) Buy Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of Mattel (NASDAQ:MAT) in a research note released on Thursday, Marketbeat reports. DA Davidson currently has a $30.00 price target on the stock.

Several other equities analysts also recently issued reports on MAT. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and increased their price objective for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Morgan Stanley raised their price objective on Mattel from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Citigroup upped their target price on Mattel from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Finally, The Goldman Sachs Group reduced their price target on shares of Mattel from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.14.

Mattel Price Performance

Shares of MAT stock opened at $20.10 on Thursday. Mattel has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 2.35 and a beta of 0.61. The stock’s 50-day simple moving average is $17.41 and its 200-day simple moving average is $18.66.

Mattel (NASDAQ:MAT) last released its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.08. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The company had revenue of $826.60 million for the quarter, compared to the consensus estimate of $791.49 million. During the same quarter in the previous year, the firm earned ($0.05) EPS. Mattel’s revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Mattel will post 1.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. AlphaQuest LLC increased its stake in shares of Mattel by 13.0% in the 1st quarter. AlphaQuest LLC now owns 4,782 shares of the company’s stock valued at $93,000 after purchasing an additional 551 shares in the last quarter. CIBC Asset Management Inc boosted its position in Mattel by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 10,962 shares of the company’s stock worth $194,000 after purchasing an additional 601 shares in the last quarter. Clear Harbor Asset Management LLC grew its holdings in Mattel by 5.5% in the fourth quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company’s stock valued at $229,000 after purchasing an additional 675 shares during the period. Xponance Inc. increased its position in shares of Mattel by 1.6% in the fourth quarter. Xponance Inc. now owns 46,262 shares of the company’s stock valued at $820,000 after buying an additional 739 shares in the last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of Mattel by 0.7% during the 1st quarter. Yousif Capital Management LLC now owns 119,902 shares of the company’s stock worth $2,330,000 after buying an additional 884 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.