Mattel (NASDAQ:MAT) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of Mattel (NASDAQ:MAT) in a research note published on Wednesday, Marketbeat reports. The brokerage issued an overweight rating and a $19.00 price objective on the stock.

A number of other research analysts also recently weighed in on MAT. Jefferies Financial Group cut their price objective on Mattel from $25.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. JPMorgan Chase & Co. cut Mattel from a “neutral” rating to an “underweight” rating and set a $14.00 target price for the company. in a research report on Wednesday, February 11th. Morgan Stanley set a $18.00 price target on Mattel in a report on Wednesday, February 11th. Roth Mkm set a $16.00 price target on shares of Mattel in a research report on Wednesday, February 11th. Finally, Zacks Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.44.

Mattel Trading Up 0.4%

Shares of NASDAQ:MAT opened at $16.11 on Wednesday. The company has a current ratio of 2.15, a quick ratio of 1.76 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $4.87 billion, a PE ratio of 12.79 and a beta of 0.72. Mattel has a 1 year low of $13.94 and a 1 year high of $22.48. The firm has a fifty day moving average price of $19.16 and a 200 day moving average price of $18.99.

Mattel (NASDAQ:MAT) last posted its earnings results 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 net margin of 7.44% and a return on equity of 20.72%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the business earned $0.35 earnings per share. Mattel’s quarterly revenue was up 7.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. Analysts expect that Mattel will post 1.7 EPS for the current fiscal year.

Institutional Trading of Mattel

Several hedge funds have recently added to or reduced their stakes in MAT. Corient Private Wealth LLC acquired a new stake in Mattel in the 4th quarter valued at approximately $1,196,000. Kera Capital Partners Inc. bought a new position in Mattel in the 4th quarter worth approximately $390,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Mattel by 144.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 40,070 shares of the company’s stock worth $795,000 after buying an additional 23,673 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Mattel during the fourth quarter worth approximately $455,000. Finally, VARCOV Co. bought a new stake in shares of Mattel in the fourth quarter valued at approximately $1,027,000. 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.