Mattel (NASDAQ:MAT) Upgraded at Zacks Research

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

Several other brokerages also recently weighed in on MAT. UBS Group restated a “buy” rating and set a $28.00 price objective on shares of Mattel in a research report on Thursday, March 5th. Citigroup downgraded Mattel from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $25.00 to $16.00 in a research report on Wednesday, February 11th. Argus upgraded Mattel to a “strong-buy” rating in a research report on Friday, March 13th. Weiss Ratings downgraded Mattel from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, March 4th. Finally, Wells Fargo & Company started coverage on Mattel in a research report on Wednesday, March 11th. They issued an “overweight” rating and a $19.00 target price for the company. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.44.

Mattel Price Performance

Shares of MAT stock opened at $14.84 on Monday. The company has a quick ratio of 1.76, a current ratio of 2.15 and a debt-to-equity ratio of 1.04. Mattel has a twelve month low of $14.10 and a twelve month high of $22.48. The company has a market cap of $4.48 billion, a P/E ratio of 11.78 and a beta of 0.78. The business has a fifty day simple moving average of $16.07 and a 200 day simple moving average of $18.46.

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

Hedge Funds Weigh In On Mattel

A number of hedge funds have recently made changes to their positions in MAT. Integrated Wealth Concepts LLC bought a new position in shares of Mattel during the first quarter worth about $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 acquiring an additional 1,468 shares during the last quarter. Goldman Sachs Group Inc. raised its position 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 worth $80,709,000 after acquiring an additional 1,393,000 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of 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 last quarter. Finally, Focus Partners Wealth bought a new position in shares of Mattel during the first quarter worth about $266,000. 97.15% of the stock is currently owned by institutional investors.

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.