Mattel (NASDAQ:MAT) Now Covered by Odeon Capital Group

Odeon Capital Group started coverage on shares of Mattel (NASDAQ:MAT) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The brokerage issued a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Zacks Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Citigroup dropped their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Roth Capital cut their price objective on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday. The Goldman Sachs Group lowered Mattel from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $15.00 to $12.00 in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. decreased their target price on Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.33.

Mattel Stock Performance

Shares of MAT stock opened at $14.65 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.50 and a current ratio of 2.06. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 1.22 and a beta of 0.74. Mattel has a one year low of $12.73 and a one year high of $22.48. The company has a 50 day moving average price of $14.29 and a 200 day moving average price of $16.28.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, beating 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 company had revenue of $862.17 million for the quarter, compared to analyst estimates of $808.38 million. During the same quarter last year, the business earned ($0.03) EPS. Mattel’s revenue for the quarter was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts anticipate that Mattel will post 1.35 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SJS Investment Consulting Inc. grew its stake in shares of Mattel by 2,959.6% in the first quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock valued at $25,000 after buying an additional 1,687 shares in the last quarter. Quarry LP purchased a new stake in shares of Mattel during the 3rd quarter valued at about $28,000. Los Angeles Capital Management LLC acquired a new position in Mattel during the 4th quarter worth approximately $31,000. Atlas Capital Advisors Inc. acquired a new position in Mattel during the 4th quarter worth approximately $36,000. Finally, Farther Finance Advisors LLC lifted its position in Mattel by 107.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock worth $40,000 after acquiring an additional 1,048 shares in the last quarter. Institutional investors and hedge funds 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.