Mattel (NASDAQ:MAT) Cut to Strong Sell at Zacks Research

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

Several other research analysts have also recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Mattel in a research report on Wednesday, December 24th. Cfra Research cut Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Seaport Res Ptn upgraded Mattel to a “hold” rating in a research report on Monday, November 10th. The Goldman Sachs Group lowered Mattel from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Friday, January 9th. Finally, Roth Capital set a $20.00 price objective on Mattel and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mattel presently has an average rating of “Hold” and an average target price of $23.50.

Mattel Stock Performance

Mattel stock opened at $21.16 on Monday. The stock has a 50-day simple moving average of $20.28 and a 200 day simple moving average of $18.98. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 2.31 and a beta of 0.69. The company has a quick ratio of 1.18, a current ratio of 1.60 and a debt-to-equity ratio of 0.77. Mattel has a 12-month low of $13.94 and a 12-month high of $22.25.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). Mattel had a return on equity of 20.60% and a net margin of 8.27%.The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the company earned $1.14 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, research analysts anticipate that Mattel will post 1.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mattel

Several institutional investors and hedge funds have recently made changes to their positions in MAT. Norges Bank bought a new stake in shares of Mattel in the second quarter worth $55,651,000. Orion Porfolio Solutions LLC increased its stake in Mattel by 221.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 56,637 shares of the company’s stock valued at $1,117,000 after buying an additional 38,993 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Mattel during the 2nd quarter worth about $726,000. CX Institutional acquired a new position in shares of Mattel during the 3rd quarter worth about $6,260,000. Finally, Prudential PLC bought a new position in shares of Mattel in the 2nd quarter valued at about $462,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

More Mattel News

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Mattel launched an Autistic Barbie with sensory accessories — a high-profile addition to its diversity-focused lineup that can strengthen brand goodwill, broaden addressable customers and support long-term Barbie franchise resilience despite mixed reactions from some advocacy groups. Advocacy groups react after Mattel introduces 1st Barbie
• Neutral Sentiment: Product expansion includes Brick Shop Honda Civic and S2000 kits that position Mattel in the adult hobby/build market as an alternative to LEGO — conceptually positive for diversification but unlikely to move near-term revenue materially. Mattel Brick Shop Honda Civic and S2000 are JDM-flavored Lego alternatives
• Negative Sentiment: Zacks Research downgraded MAT from “hold” to “strong sell,” an immediate bearish catalyst that likely pressured the stock and increases the risk of follow-on analyst downgrades or lower price targets; this is the primary short-term driver of today’s weakness. Zacks downgrade report

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.