Mattel (NASDAQ:MAT) Coverage Initiated by Analysts at Wells Fargo & Company

Stock analysts at Wells Fargo & Company assumed coverage on shares of Mattel (NASDAQ:MAT) in a note issued to investors on Wednesday. The brokerage set an “overweight” rating and a $19.00 price target on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 18.45% from the stock’s previous close.

Several other brokerages have also weighed in on MAT. Morgan Stanley set a $18.00 target price on Mattel in a research report on Wednesday, February 11th. Zacks Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. JPMorgan Chase & Co. lowered shares of Mattel from a “neutral” rating to an “underweight” rating and set a $14.00 price objective on the stock. in a research report on Wednesday, February 11th. Weiss Ratings cut shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, March 4th. Finally, UBS Group reissued a “buy” rating and issued a $28.00 target price on shares of Mattel in a research report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mattel has a consensus rating of “Hold” and an average target price of $18.44.

Mattel Trading Up 0.2%

Shares of NASDAQ:MAT opened at $16.04 on Wednesday. The firm has a fifty day moving average of $19.23 and a two-hundred day moving average of $19.01. The firm has a market capitalization of $4.85 billion, a P/E ratio of 12.73 and a beta of 0.72. Mattel has a 12-month low of $13.94 and a 12-month high of $22.48. The company has a quick ratio of 1.76, a current ratio of 2.15 and a debt-to-equity ratio of 1.04.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.14). Mattel had a return on equity of 20.72% and a net margin of 7.44%.The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the company posted $0.35 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. On average, equities analysts expect that Mattel will post 1.7 EPS for the current fiscal year.

Institutional Trading of Mattel

Large investors have recently made changes to their positions in the stock. Corient Private Wealth LLC bought a new position in shares of Mattel in the 4th quarter valued at approximately $1,196,000. Kera Capital Partners Inc. bought a new stake in Mattel during the fourth quarter worth approximately $390,000. Mercer Global Advisors Inc. ADV grew its holdings in Mattel by 144.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 40,070 shares of the company’s stock valued at $795,000 after purchasing an additional 23,673 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Mattel in the fourth quarter valued at approximately $455,000. Finally, VARCOV Co. bought a new position in shares of Mattel in the fourth quarter valued at approximately $1,027,000. 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.