3 Ex-Dividend Stocks With Buy Ratings

NEW YORK ( TheStreet) -- The following stocks go ex-dividend Tuesday, meaning with the Presidents' Day holiday on Monday an investor must purchase the shares Friday to qualify for the next dividend payment: Applied Materials ( AMAT), Columbia Sportswear ( COLM) and Mattel ( MAT).

Each of the stocks gets a buy rating from TheStreet Ratings.

See the complete Dividend Calendar.

Applied Materials

The maker of semiconductor capital equipment reported Thursday first-quarter non-GAAP earnings of $117 million, or 18 cents a share, above analysts' expectations of 12 cents a share.

"We expect shares to trade in line with industry average P/E as we expect earnings growth over the next 3 years to be in line with industry average earnings growth," Deutsche Bank analysts wrote in a report Thursday. "Upside risks include stronger than expected share gains and a stronger industry upturn resulting in higher P/E multiples. Downside risks include sharper than expected decline in the solar business and a more pronounced downturn in foundry/DRAM segments."

Forward Annual Dividend Yield: 2.5%

Rated "B (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin decreased from the prior year.

Applied Materials is extremely liquid. Its Quick Ratio is 2.78, which shows the company can meet its short-term cash needs.

In the fourth quarter, stockholders' net worth increased 16.77% from the previous year.

TheStreet Ratings' price target is $15.14. The stock closed Thursday at $13.21 and has increased 23.34% year to date.

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Columbia Sportswear

The outdoor apparel company reported earlier this month fourth-quarter earnings of $36.7 million, or $1.08 a share, an increase from year-ago earnings of $26.2 million, or 77 cents.

"We now expect significant operating margin deleverage in 1H12 as a result of SGA expansion as a % of sales and continued GM pressure related to higher input costs, greater close-out product sales, and FX headwinds, which should be offset in the backhalf of 2012 by modest GM expansion and significant SGA leverage (with y/y $ down in 2H12) with the implementation of cost containment measuresto control spending," Bank of America Merrill Lynch analysts said in a Feb. 3 report. "Given the more muted 2012 sales and margin outlook, we are lowering our F2012E EPS to $3.10 (from $3.35)."

Forward Annual Dividend Yield: 1.8%

Rated "B- (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin was about flat with a year earlier.

Columbia Sportswear is extremely liquid. Its Quick Ratio is 2.23, which shows the company can meet its short-term cash needs.

In the fourth quarter, stockholders' net worth increased 7.24% from the prior year.

TheStreet Ratings' price target is $56.76. The stock closed Thursday at $49.91 and has risen 7.18% year to date.


Mattel

The toy company announced earlier this month it completed the acquisition of HIT Entertainment, the producer of TV show Thomas the Tank Engine.

"Management believes that HIT's product lines, including Thomas and Friends, are a good introduction to children as young as 1 year old, who will then mature to other MAT products such as Matchbox and Hot Wheels," Sterne Agee analysts wrote in a report Tuesday.

Forward Annual Dividend Yield: 3.8%

Rated "A+ (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin remained about the same as it was last year.

Mattel is extremely liquid. Its Quick Ratio is 2.52, which shows the company can meet its short-term cash needs.

In the fourth quarter, stockholders' net worth was about the same as it was a year ago.

TheStreet Ratings' price target is $40.79. The stock closed Thursday at $32.59 and has increased 17.4% year to date.

Find out which stocks have the highest dividend yields.

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-- Written by Alexandra Zendrian

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