Mattel’s (MAT) “Buy” Rating Reiterated at Argus

Mattel (NASDAQ:MAT)‘s stock had its “buy” rating reiterated by investment analysts at Argus in a report released on Tuesday,Benzinga reports. They presently have a $22.00 price target on the stock. Argus’ price objective would indicate a potential upside of 48.45% from the stock’s previous close.

A number of other research analysts have also recently issued reports on MAT. Odeon Capital Group assumed coverage on shares of Mattel in a report on Thursday, July 16th. They issued a “buy” rating for the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. Roth Capital dropped their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. The Goldman Sachs Group lowered Mattel from a “neutral” rating to a “sell” rating and cut their price objective for the company from $15.00 to $12.00 in a report on Thursday, July 9th. Finally, Wells Fargo & Company reduced their price objective on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.80.

Mattel Stock Performance

Shares of MAT stock opened at $14.82 on Tuesday. The business’s fifty day simple moving average is $14.25 and its 200-day simple moving average is $15.11. The company has a market cap of $4.23 billion, a PE ratio of 10.90, a PEG ratio of 1.40 and a beta of 0.72. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. Mattel has a 12-month low of $12.73 and a 12-month high of $22.48.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a net margin of 7.79% and a return on equity of 16.20%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Analysts expect that Mattel will post 1.32 earnings per share for the current fiscal year.

Institutional Trading of Mattel

A number of hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new stake in Mattel during the third quarter worth about $28,000. Los Angeles Capital Management LLC acquired a new position in Mattel in the fourth quarter valued at approximately $31,000. SJS Investment Consulting Inc. lifted its holdings 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. Atlas Capital Advisors Inc. purchased a new stake in Mattel in the 4th quarter worth approximately $36,000. Finally, Farther Finance Advisors LLC boosted its position in 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 purchasing an additional 1,048 shares in the last quarter. Hedge funds and other 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.