Zacks Research Downgrades Mattel (NASDAQ:MAT) to Strong Sell

Mattel (NASDAQ:MAT) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

MAT has been the subject of a number of other reports. Roth Mkm set a $16.00 price objective on Mattel in a research report on Wednesday, February 11th. Wells Fargo & Company started coverage on Mattel in a report on Wednesday. They issued an “overweight” rating and a $19.00 target price on the stock. Jefferies Financial Group reduced their price target on shares of Mattel from $25.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. UBS Group reaffirmed a “buy” rating and set a $28.00 price objective on shares of Mattel in a research report on Thursday, March 5th. Finally, DA Davidson dropped their price objective on shares of Mattel from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Mattel currently has a consensus rating of “Hold” and an average price target of $18.44.

Mattel Price Performance

Shares of NASDAQ:MAT opened at $16.22 on Wednesday. The company’s fifty day moving average is $19.08 and its two-hundred day moving average is $18.97. The company has a market cap of $4.90 billion, a P/E ratio of 12.87 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 issued its earnings results on Tuesday, February 10th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.14). Mattel had a return on equity of 20.72% and a net margin of 7.44%.The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the business earned $0.35 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. Equities analysts expect that Mattel will post 1.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mattel

Several institutional investors have recently made changes to their positions in MAT. Public Employees Retirement System of Ohio increased its holdings in Mattel by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company’s stock worth $1,688,000 after buying an additional 623 shares during the last quarter. State of Wyoming raised its position in Mattel by 4.3% during the third quarter. State of Wyoming now owns 15,251 shares of the company’s stock valued at $257,000 after acquiring an additional 634 shares in the last quarter. GAMMA Investing LLC lifted its stake in Mattel by 8.0% in the fourth quarter. GAMMA Investing LLC now owns 9,344 shares of the company’s stock valued at $185,000 after acquiring an additional 693 shares during the last quarter. Jones Financial Companies Lllp grew its position in Mattel by 12.6% in the third quarter. Jones Financial Companies Lllp now owns 6,687 shares of the company’s stock worth $113,000 after acquiring an additional 747 shares in the last quarter. Finally, Sei Investments Co. grew its position in Mattel by 1.7% in the second quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock worth $902,000 after acquiring an additional 758 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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.