Mattel (NASDAQ:MAT) Raised to “Buy” at Seaport Research Partners

Mattel (NASDAQ:MAT) was upgraded by equities researchers at Seaport Research Partners from a “neutral” rating to a “buy” rating in a report released on Monday, Marketbeat reports. The firm currently has a $20.00 target price on the stock. Seaport Research Partners’ price objective would suggest a potential upside of 19.05% from the company’s current price.

A number of other research firms also recently weighed in on MAT. Roth Capital decreased their price target on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. UBS Group reaffirmed a “buy” rating on shares of Mattel in a report on Thursday, October 1st. The Goldman Sachs Group downgraded shares of 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, Odeon Capital Group began coverage on shares of Mattel in a research note on Thursday, July 16th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.00.

Mattel Price Performance

Shares of NASDAQ MAT opened at $16.80 on Monday. Mattel has a fifty-two week low of $12.40 and a fifty-two week high of $22.48. The business has a 50 day moving average price of $14.54 and a two-hundred day moving average price of $14.50. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17. The firm has a market cap of $4.80 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 1.84 and a beta of 0.70.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mattel had a return on equity of 16.20% and a net margin of 7.79%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Mattel’s revenue for the quarter was up 10.5% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts expect that Mattel will post 1.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $15.02, for a total transaction of $587,026.66. Following the sale, the executive vice president owned 144,390 shares in the company, valued at $2,168,737.80. This represents a 21.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MAT. SJS Investment Consulting Inc. boosted its stake in 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 acquiring an additional 1,687 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Mattel during the second quarter valued at approximately $37,000. Global Retirement Partners LLC bought a new position in shares of Mattel during the second quarter valued at approximately $38,000. Rakuten Securities Inc. acquired a new stake in shares of Mattel during the 2nd quarter worth approximately $42,000. Finally, Farther Finance Advisors LLC raised its position in shares of Mattel by 253.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,559 shares of the company’s stock worth $45,000 after purchasing an additional 2,553 shares during the period. Institutional investors own 97.15% of the company’s stock.

Mattel Company Profile

Mattel, Inc (NASDAQ:MAT) is a global toy and entertainment company that designs, manufactures and markets a broad portfolio of toys, games and related consumer products. Its brands include Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, Matchbox, UNO, MEGA, Masters of the Universe and Magic 8 Ball.

The company develops products across categories such as dolls, vehicles, preschool toys, building sets, games and outdoor play. Mattel also extends its brands through entertainment content, digital gaming, consumer products, live experiences and licensing partnerships.

Founded in 1945, Mattel serves consumers in markets around the world through retail, e-commerce and other distribution channels.