Mattel (NASDAQ:MAT) Rating Increased to Strong-Buy at Odean Cap Resea

Odean Cap Resea upgraded shares of Mattel (NASDAQ:MAT) to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

A number of other research analysts have also recently commented on MAT. Roth Capital reduced their price objective on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday. Zacks Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Odeon Capital Group assumed coverage on Mattel in a research report on Thursday. They set a “buy” rating on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Mattel in a research report on Thursday, July 2nd. Finally, The Goldman Sachs Group cut Mattel from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $15.00 to $12.00 in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.33.

Mattel Stock Performance

NASDAQ:MAT opened at $14.30 on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.28 and a beta of 0.74. The firm’s fifty day simple moving average is $14.27 and its 200 day simple moving average is $16.27. Mattel has a twelve month low of $12.73 and a twelve month high of $22.48.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $808.38 million. During the same period in the prior year, the company earned ($0.03) EPS. The firm’s revenue was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, equities research analysts expect that Mattel will post 1.35 earnings per share for the current fiscal year.

Institutional Trading of Mattel

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of Mattel by 21.2% during the third quarter. JPMorgan Chase & Co. now owns 1,393,829 shares of the company’s stock worth $23,458,000 after purchasing an additional 244,030 shares during the last quarter. K.J. Harrison & Partners Inc increased its holdings in Mattel by 1,323.5% in the fourth quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company’s stock valued at $4,801,000 after buying an additional 225,000 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Mattel by 203.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 810,970 shares of the company’s stock valued at $16,252,000 after buying an additional 543,640 shares during the last quarter. AE Wealth Management LLC acquired a new stake in Mattel during the fourth quarter valued at approximately $4,948,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Mattel during the fourth quarter valued at approximately $3,406,000. 97.15% of the stock is currently 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.