Mattel (NASDAQ:MAT) Receives “Buy” Rating from DA Davidson

DA Davidson reiterated their buy rating on shares of Mattel (NASDAQ:MAT – Get Rating) in a research note released on Thursday, Benzinga reports. DA Davidson currently has a $23.00 price target on the stock.

MAT has been the subject of several other reports. StockNews.com started coverage on Mattel in a research note on Thursday. They issued a hold rating for the company. The Goldman Sachs Group reduced their price objective on Mattel from $26.00 to $21.00 and set a buy rating for the company in a research note on Friday, February 10th. Roth Capital restated a buy rating on shares of Mattel in a research note on Thursday, February 9th. BMO Capital Markets reduced their price objective on Mattel from $30.00 to $27.00 and set an outperform rating for the company in a research note on Friday, February 10th. Finally, Stifel Nicolaus reduced their price objective on Mattel from $29.00 to $26.00 and set a buy rating for the company in a research note on Tuesday, January 3rd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $24.33.

Mattel Trading Up 3.9 %

Mattel stock opened at $16.62 on Thursday. The stock has a 50-day moving average of $19.05 and a two-hundred day moving average of $19.03. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.54 and a current ratio of 2.30. Mattel has a one year low of $15.36 and a one year high of $26.99. The stock has a market cap of $5.91 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 4.22 and a beta of 1.20.

Mattel (NASDAQ:MAT – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Mattel had a net margin of 7.25% and a return on equity of 24.47%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the business posted $0.53 earnings per share. The company’s quarterly revenue was down 21.9% compared to the same quarter last year. On average, research analysts anticipate that Mattel will post 1.15 EPS for the current fiscal year.

Institutional Trading of Mattel

Several institutional investors have recently bought and sold shares of MAT. Advisor Group Holdings Inc. grew its holdings in Mattel by 43.0% in the first quarter. Advisor Group Holdings Inc. now owns 16,026 shares of the company’s stock valued at $389,000 after purchasing an additional 4,817 shares during the period. Raymond James & Associates boosted its stake in shares of Mattel by 5.3% in the first quarter. Raymond James & Associates now owns 12,092 shares of the company’s stock worth $269,000 after acquiring an additional 604 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Mattel by 50.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,724 shares of the company’s stock worth $327,000 after acquiring an additional 4,934 shares during the last quarter. US Bancorp DE boosted its stake in shares of Mattel by 454.7% in the first quarter. US Bancorp DE now owns 31,012 shares of the company’s stock worth $689,000 after acquiring an additional 25,421 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Mattel by 2.5% in the first quarter. PNC Financial Services Group Inc. now owns 39,485 shares of the company’s stock worth $876,000 after acquiring an additional 948 shares during the last quarter. 96.93% of the stock is owned by institutional investors and hedge funds.

About Mattel

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Mattel, Inc engages in the ownership of children’s and family entertainment franchises. It operates through the following segments: North America, International, and American Girl. The North America and International segments focus on marketing and selling toys and consumer products. The American Girl segment includes marketing, retailing, and publishing dedicated to its mission to help girls grow up with confidence and character.