Mattel (NASDAQ:MAT) Upgraded by Odean Cap Resea to Strong-Buy Rating

Mattel (NASDAQ:MAT) was upgraded by analysts at Odean Cap Resea to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other brokerages have also recently issued reports on MAT. The Goldman Sachs Group cut shares of Mattel from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $15.00 to $12.00 in a research note on Thursday, July 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Mattel in a report on Thursday, July 2nd. Citigroup reduced their target price on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, July 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. Finally, Zacks Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Mattel presently has a consensus rating of “Hold” and a consensus target price of $17.33.

Mattel Stock Down 2.4%

Shares of MAT stock opened at $14.30 on Thursday. Mattel has a 1 year low of $12.73 and a 1 year high of $22.48. 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 business’s fifty day moving average is $14.27 and its 200-day moving average is $16.27. The stock has a market cap of $4.16 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74.

Mattel (NASDAQ:MAT) last released its earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.04. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The firm had revenue of $862.17 million for the quarter, compared to analyst estimates of $808.38 million. During the same period in the previous year, the company earned ($0.03) earnings per share. Mattel’s revenue was up 4.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities analysts expect that Mattel will post 1.35 earnings per share for the current fiscal year.

Institutional Trading of Mattel

Hedge funds have recently bought and sold shares of the company. SJS Investment Consulting Inc. raised its position in Mattel by 2,959.6% during 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 during the period. Quarry LP acquired a new stake in shares of Mattel during the third quarter worth approximately $28,000. Los Angeles Capital Management LLC acquired a new stake in shares of Mattel during the fourth quarter worth approximately $31,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Mattel during the fourth quarter worth approximately $36,000. Finally, Farther Finance Advisors LLC grew its position in Mattel by 107.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after purchasing an additional 1,048 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other 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.