Zacks Research Upgrades Mattel (NASDAQ:MAT) to Hold

Mattel (NASDAQ:MAT) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. DA Davidson dropped their price objective on Mattel from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Citigroup cut Mattel from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $16.00 in a research report on Wednesday, February 11th. The Goldman Sachs Group increased their price objective on Mattel from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Weiss Ratings cut Mattel from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, March 4th. Finally, Morgan Stanley set a $18.00 price objective on Mattel in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.44.

Mattel Trading Up 0.1%

NASDAQ MAT opened at $14.55 on Monday. Mattel has a 12 month low of $14.10 and a 12 month high of $22.48. The stock has a market cap of $4.40 billion, a P/E ratio of 11.55 and a beta of 0.78. The stock’s fifty day moving average price is $16.20 and its 200-day moving average price is $18.49. The company has a current ratio of 2.15, a quick ratio of 1.76 and a debt-to-equity ratio of 1.04.

Mattel (NASDAQ:MAT) last released its 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). Mattel had a return on equity of 20.72% and a net margin of 7.44%.The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the company posted $0.35 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. 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 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Mattel by 21.2% in the third quarter. JPMorgan Chase & Co. now owns 1,393,829 shares of the company’s stock valued at $23,458,000 after acquiring an additional 244,030 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Mattel by 20.3% in the third quarter. Envestnet Asset Management Inc. now owns 445,826 shares of the company’s stock valued at $7,503,000 after acquiring an additional 75,124 shares during the period. Simcoe Capital Management LLC bought a new position in Mattel in the third quarter valued at about $39,044,000. 44 Wealth Management LLC bought a new position in Mattel in the third quarter valued at about $1,338,000. Finally, Great Lakes Advisors LLC lifted its holdings in Mattel by 37.1% in the third quarter. Great Lakes Advisors LLC now owns 318,769 shares of the company’s stock valued at $5,365,000 after acquiring an additional 86,207 shares during the period. 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.