Mattel (NASDAQ:MAT) Rating Lowered to “Strong Sell” at Zacks Research

Mattel (NASDAQ:MAT) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Several other brokerages have also commented on MAT. Roth Mkm set a $16.00 price objective on Mattel in a report on Wednesday, February 11th. UBS Group reaffirmed a “buy” rating and set a $28.00 price target on shares of Mattel in a research report on Thursday, March 5th. Morgan Stanley set a $18.00 price objective on shares of Mattel in a research note on Wednesday, February 11th. DA Davidson cut their target price on shares of Mattel from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Finally, Weiss Ratings cut shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $18.44.

Mattel Stock Down 1.2%

Shares of MAT traded down $0.20 on Wednesday, hitting $16.03. 502,268 shares of the stock traded hands, compared to its average volume of 5,416,042. The company has a market capitalization of $4.84 billion, a PE ratio of 12.73 and a beta of 0.72. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.76 and a current ratio of 2.15. The business has a 50 day simple moving average of $19.08 and a 200 day simple moving average of $18.97. Mattel has a one year low of $13.94 and a one year high of $22.48.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.14). Mattel had a net margin of 7.44% and a return on equity of 20.72%. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the company posted $0.35 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. As a group, equities analysts forecast that Mattel will post 1.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its holdings in Mattel by 537.7% during the third quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock valued at $25,000 after acquiring an additional 1,140 shares during the period. Quarry LP bought a new stake in shares of Mattel during the third quarter valued at approximately $28,000. Los Angeles Capital Management LLC purchased a new stake in Mattel in the 4th quarter worth $31,000. Atlas Capital Advisors Inc. purchased a new position in shares of Mattel during the fourth quarter valued at about $36,000. Finally, Traub Capital Management LLC bought a new stake in Mattel in the 2nd quarter worth approximately $40,000. Institutional investors own 97.15% of the company’s stock.

Mattel Company Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.