Mattel (NASDAQ:MAT) Stock Moved Up to "Buy" by Seaport Research Partners

Key Points

• Seaport Research Partners upgraded Mattel from “neutral” to “buy” and set a $20 price target, implying roughly 19.8% upside from the reported $16.69 share price.
• Analyst sentiment remains mixed: Mattel has a consensus “hold” rating and an average price target of $17.80, despite several buy ratings and recent downgrades from Goldman Sachs, Citigroup and Roth Capital.
• Mattel’s latest quarter showed revenue growth of 10.5% year over year to $1.13 billion, but EPS of $0.01 missed estimates of $0.04. An executive vice president also sold 39,083 shares, reducing his stake by 21.3%.

Mattel (NASDAQ:MAT - Get Free Report) was upgraded by equities researchers at Seaport Research Partners from a "neutral" rating to a "buy" rating in a report issued on Monday, MarketBeat Ratings reports. The firm currently has a $20.00 price target on the stock. Seaport Research Partners' price objective suggests a potential upside of 19.83% from the company's current price.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group downgraded shares of 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. Citigroup dropped their target price on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, July 10th. UBS Group reiterated a "buy" rating on shares of Mattel in a research report on Thursday, October 1st. Roth Capital reduced their price target on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, July 14th. Finally, Argus reissued a "buy" rating and set a $22.00 price target on shares of Mattel in a research note on Tuesday, August 25th. One research 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 given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $17.80.

Mattel Price Performance

Mattel stock opened at $16.69 on Monday. Mattel has a one year low of $12.40 and a one year high of $22.48. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.26 and a current ratio of 1.90. The business has a fifty day moving average of $14.47 and a two-hundred day moving average of $14.48. The company has a market cap of $4.77 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 1.83 and a beta of 0.70.

Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.10 billion. Mattel had a return on equity of 16.20% and a net margin of 7.79%. Mattel's revenue for the quarter was up 10.5% on a year-over-year basis. 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, analysts predict that Mattel will post 1.31 earnings per share for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On Mattel

Several institutional investors have recently added to or reduced their stakes in MAT. Entropy Technologies LP raised its position in shares of Mattel by 1.7% in the 1st quarter. Entropy Technologies LP now owns 74,291 shares of the company's stock worth $1,079,000 after buying an additional 1,265 shares during the period. GAMMA Investing LLC boosted its holdings in Mattel by 43.0% in the third quarter. GAMMA Investing LLC now owns 4,311 shares of the company's stock valued at $55,000 after acquiring an additional 1,297 shares during the last quarter. State of Michigan Retirement System grew its position in Mattel by 1.9% during the first quarter. State of Michigan Retirement System now owns 74,833 shares of the company's stock valued at $1,087,000 after acquiring an additional 1,400 shares during the period. SJS Investment Consulting Inc. grew its position in Mattel by 2,959.6% during the first quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company's stock valued at $25,000 after acquiring an additional 1,687 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in Mattel by 3.2% during the first quarter. Oregon Public Employees Retirement Fund now owns 63,758 shares of the company's stock valued at $926,000 after acquiring an additional 2,000 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Company Profile

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.

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