Mattel’s (MAT) Buy Rating Reiterated at Argus

Argus reissued their buy rating on shares of Mattel (NASDAQ:MAT) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $22.00 price objective on the stock.

Several other equities research analysts have also issued reports on the company. Citigroup 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 Friday, July 10th. Wells Fargo & Company cut their target price on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. JPMorgan Chase & Co. lowered their price target on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. The Goldman Sachs Group downgraded Mattel from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $15.00 to $12.00 in a report on Thursday, July 9th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. One investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.80.

Mattel Price Performance

Mattel stock opened at $14.92 on Tuesday. Mattel has a one year low of $12.73 and a one year high of $22.48. The business has a fifty day moving average price of $14.32 and a 200-day moving average price of $14.98. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 1.26. The firm has a market capitalization of $4.26 billion, a P/E ratio of 10.97, a PEG ratio of 1.47 and a beta of 0.72.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $0.19 earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, equities research analysts forecast that Mattel will post 1.32 EPS for the current year.

Institutional Trading of Mattel

Several large investors have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Mattel in the 2nd quarter worth approximately $271,000. California State Teachers Retirement System increased its stake in shares of Mattel by 1,146.0% during the second quarter. California State Teachers Retirement System now owns 4,648,162 shares of the company’s stock valued at $64,516,000 after buying an additional 4,275,111 shares during the period. AlphaGrep UK Ltd bought a new position in shares of Mattel during the second quarter valued at approximately $436,000. TD Waterhouse Canada Inc. raised its holdings in shares of Mattel by 10.5% during the second quarter. TD Waterhouse Canada Inc. now owns 39,837 shares of the company’s stock valued at $548,000 after acquiring an additional 3,780 shares in the last quarter. Finally, Nykredit A S purchased a new stake in Mattel in the second quarter worth $105,000. 97.15% of the stock is owned by institutional investors.

About Mattel

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.