Mattel (NASDAQ:MAT) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Mattel (NASDAQ:MAT) from a strong sell rating to a hold rating in a research note released on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on MAT. Citigroup lowered Mattel from a “buy” rating to a “neutral” rating and cut their price objective for the company from $25.00 to $16.00 in a report on Wednesday, February 11th. JPMorgan Chase & Co. lowered Mattel from a “neutral” rating to an “underweight” rating and set a $14.00 price objective on the stock. in a report on Wednesday, February 11th. UBS Group reissued a “buy” rating and issued a $28.00 price objective on shares of Mattel in a report on Thursday, March 5th. Morgan Stanley set a $18.00 price objective on Mattel in a report on Wednesday, February 11th. Finally, Weiss Ratings lowered Mattel from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.44.

Mattel Stock Up 0.3%

Mattel stock traded up $0.05 during midday trading on Monday, reaching $14.60. The company’s stock had a trading volume of 254,008 shares, compared to its average volume of 5,072,354. The stock’s 50-day simple moving average is $16.20 and its 200-day simple moving average is $18.49. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.15 and a quick ratio of 1.76. Mattel has a 52-week low of $14.10 and a 52-week high of $22.48. The stock has a market capitalization of $4.41 billion, a P/E ratio of 11.57 and a beta of 0.78.

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

Institutional Trading of Mattel

Several hedge funds and other institutional investors have recently bought and sold shares of MAT. Integrated Wealth Concepts LLC acquired a new stake in Mattel during the first quarter worth about $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 acquiring an additional 1,468 shares during the period. Goldman Sachs Group Inc. grew its holdings in Mattel by 50.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock worth $80,709,000 after acquiring an additional 1,393,000 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Mattel by 5.0% during the first 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 acquiring an additional 37,118 shares during the period. Finally, Focus Partners Wealth acquired a new stake in Mattel during the first quarter worth about $266,000. 97.15% of the stock is owned by institutional investors and hedge funds.

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.