Mattel (NASDAQ:MAT) Upgraded by Seaport Res Ptn to Hold Rating

Mattel (NASDAQ:MAT) was upgraded by research analysts at Seaport Res Ptn to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. lowered their target price on Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mattel in a research note on Wednesday, October 8th. Cfra Research lowered Mattel from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 22nd. Roth Capital set a $20.00 target price on Mattel and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Finally, DA Davidson decreased their target price on Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Mattel currently has a consensus rating of “Hold” and an average target price of $22.57.

Mattel Price Performance

MAT opened at $19.16 on Monday. The firm has a market capitalization of $5.96 billion, a P/E ratio of 14.30, a PEG ratio of 2.21 and a beta of 0.76. The stock has a fifty day moving average of $18.02 and a 200-day moving average of $18.38. The company has a quick ratio of 1.18, a current ratio of 1.60 and a debt-to-equity ratio of 0.77. Mattel has a 12-month low of $13.94 and a 12-month high of $22.07.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, October 21st. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.86 billion. Mattel had a net margin of 8.27% and a return on equity of 20.60%. Mattel’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Equities analysts forecast that Mattel will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MAT. AQR Capital Management LLC increased its position in shares of Mattel by 386.2% during the first quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company’s stock valued at $139,218,000 after purchasing an additional 5,767,170 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in Mattel by 247.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company’s stock worth $129,240,000 after buying an additional 4,737,199 shares in the last quarter. EdgePoint Investment Group Inc. increased its holdings in Mattel by 12.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 40,823,584 shares of the company’s stock valued at $805,041,000 after buying an additional 4,665,541 shares during the period. Mane Global Capital Management LP bought a new stake in Mattel in the 2nd quarter valued at $56,619,000. Finally, Norges Bank bought a new position in shares of Mattel during the 2nd quarter worth about $55,651,000. Institutional investors own 97.15% of the company’s stock.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.