Mattel (NASDAQ:MAT) Upgraded at Seaport Research Partners

Seaport Research Partners upgraded shares of Mattel (NASDAQ:MAT) from a neutral rating to a buy rating in a research note released on Monday morning, MarketBeat Ratings reports. Seaport Research Partners currently has $20.00 price objective on the stock.

Other research analysts have also recently issued reports about the company. Weiss Ratings cut Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group cut Mattel from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $15.00 to $12.00 in a research note on Thursday, July 9th. Roth Capital dropped their price objective on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Odeon Capital Group initiated coverage on Mattel in a report on Thursday, July 16th. They issued a “buy” rating on the stock. Finally, UBS Group reissued a “buy” rating on shares of Mattel in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Mattel currently has a consensus rating of “Hold” and a consensus target price of $18.00.

Mattel Stock Performance

Shares of MAT stock opened at $16.65 on Monday. The firm’s 50 day moving average price is $14.59 and its 200-day moving average price is $14.52. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.26 and a current ratio of 1.90. Mattel has a one year low of $12.40 and a one year high of $22.48. The firm has a market cap of $4.76 billion, a P/E ratio of 12.24, a P/E/G ratio of 1.85 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 for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Mattel had a return on equity of 16.20% and a net margin of 7.79%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the business posted $0.19 EPS. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, equities research analysts predict that Mattel will post 1.31 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Mattel

Several institutional investors have recently modified their holdings of MAT. Primecap Management Co. CA acquired a new position in Mattel during the 2nd quarter worth $409,540,000. BlackRock Inc. purchased a new stake in Mattel during the 2nd quarter worth about $363,273,000. Bank of America Corp DE purchased a new stake in Mattel during the 2nd quarter worth about $33,498,000. EdgePoint Investment Group Inc. increased its holdings in Mattel by 3.8% during the 1st quarter. EdgePoint Investment Group Inc. now owns 49,140,882 shares of the company’s stock worth $714,017,000 after purchasing an additional 1,799,640 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in Mattel in the 2nd quarter valued at about $23,393,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

About Mattel

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.