Mattel (NASDAQ:MAT) Coverage Initiated at Odeon Capital Group

Stock analysts at Odeon Capital Group assumed coverage on shares of Mattel (NASDAQ:MAT) in a research note issued on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating on the stock.

MAT has been the topic of several other research reports. Roth Capital dropped their price objective on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday. The Goldman Sachs Group lowered Mattel from a “neutral” rating to a “sell” rating and decreased their target price for the company from $15.00 to $12.00 in a research report on Thursday, July 9th. JPMorgan Chase & Co. lowered 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. Wall Street Zen downgraded Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, Wells Fargo & Company dropped their price target on Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.33.

Mattel Price Performance

Mattel stock opened at $14.30 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. The firm has a 50-day moving average of $14.27 and a two-hundred day moving average of $16.27. Mattel has a 1 year low of $12.73 and a 1 year high of $22.48.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, topping 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 business had revenue of $862.17 million for the quarter, compared to analyst estimates of $808.38 million. During the same period last year, the company posted ($0.03) earnings per share. The company’s quarterly 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. On average, research analysts forecast that Mattel will post 1.35 earnings per share for the current year.

Hedge Funds Weigh In On Mattel

A number of hedge funds and other institutional investors have recently modified their holdings of MAT. SJS Investment Consulting Inc. raised 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 worth $25,000 after buying an additional 1,687 shares in the last quarter. Quarry LP bought a new stake in Mattel during the 3rd quarter valued at $28,000. Los Angeles Capital Management LLC purchased a new position in shares of Mattel in the 4th quarter valued at $31,000. Atlas Capital Advisors Inc. purchased a new position in shares of Mattel in the 4th quarter valued at $36,000. Finally, Farther Finance Advisors LLC raised its position in shares of Mattel by 107.5% in 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. 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.