Mattel (NASDAQ:MAT) Stock Rating Upgraded by Odean Cap Resea

Mattel (NASDAQ:MAT) was upgraded by stock analysts at Odean Cap Resea to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Wells Fargo & Company dropped their price objective on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. JPMorgan Chase & Co. cut their price objective on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Thursday, April 30th. Roth Capital decreased their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday. Citigroup lowered their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Finally, Wall Street Zen lowered Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.33.

Mattel Trading Down 2.4%

Shares of MAT opened at $14.30 on Thursday. Mattel has a fifty-two week low of $12.73 and a fifty-two week high of $22.48. The stock has a fifty day moving average of $14.27 and a two-hundred day moving average of $16.27. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.50 and a current ratio of 2.06. The company has a market capitalization of $4.16 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.04. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The firm had revenue of $862.17 million during the quarter, compared to analyst estimates of $808.38 million. During the same quarter in the prior year, the business posted ($0.03) earnings per share. Mattel’s revenue for the quarter was up 4.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, analysts forecast that Mattel will post 1.35 EPS for the current year.

Institutional Investors Weigh In On Mattel

A number of hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new stake in shares of Mattel in the first quarter valued at $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Mattel by 74.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock worth $67,000 after purchasing an additional 1,468 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Mattel by 50.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock valued at $80,709,000 after purchasing an additional 1,393,000 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Mattel by 5.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company’s stock worth $15,135,000 after buying an additional 37,118 shares during the period. Finally, Focus Partners Wealth purchased a new stake in Mattel during the first quarter valued at about $266,000. Institutional investors own 97.15% of the company’s stock.

About Mattel

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.