Mattel's (MAT) "Buy" Rating Reiterated at Argus

Key Points

• Argus reiterated its “Buy” rating on Mattel and set a $22 price target, implying approximately 48.45% upside from the stock’s $14.82 opening price.
• Analyst sentiment remains mixed: Mattel has a consensus “Hold” rating and an average target of $17.80, with five Buy, five Hold, and three Sell ratings.
• Mattel’s latest quarter exceeded revenue expectations with $1.13 billion in sales, up 10.5% year over year, but EPS of $0.01 missed the $0.04 consensus estimate. Institutional investors own 97.15% of the stock.

Mattel (NASDAQ:MAT - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Argus in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $22.00 price objective on the stock. Argus' target price indicates a potential upside of 48.45% from the company's current price.

Several other research firms also recently commented on MAT. Jefferies Financial Group restated a "buy" rating on shares of Mattel in a report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price target on Mattel from $14.00 to $13.00 and set an "underweight" rating on the stock in a research report on Thursday, April 30th. Odeon Capital Group assumed coverage on Mattel in a research note on Thursday, July 16th. They set a "buy" rating on the stock. Citigroup decreased their price objective on Mattel from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, July 10th. Finally, The Goldman Sachs Group lowered shares of Mattel from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $15.00 to $12.00 in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $17.80.

Mattel Trading Up 2.1%

Shares of MAT opened at $14.82 on Tuesday. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 1.40 and a beta of 0.72. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 1.26. Mattel has a 1-year low of $12.73 and a 1-year high of $22.48. The company has a 50-day moving average of $14.25 and a 200 day moving average of $15.11.

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 analysts' consensus estimates of $0.04 by ($0.03). The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. Mattel had a return on equity of 16.20% and a net margin of 7.79%.Mattel's revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, research analysts expect that Mattel will post 1.32 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its stake in shares of Mattel by 1,146.0% during the 2nd quarter. California State Teachers Retirement System now owns 4,648,162 shares of the company's stock worth $64,516,000 after purchasing an additional 4,275,111 shares during the last quarter. AlphaGrep UK Ltd bought a new position in Mattel in the second quarter worth about $436,000. TD Waterhouse Canada Inc. raised its holdings in Mattel by 10.5% in the second quarter. TD Waterhouse Canada Inc. now owns 39,837 shares of the company's stock worth $548,000 after purchasing an additional 3,780 shares in the last quarter. Nykredit A S purchased a new stake in shares of Mattel during the second quarter valued at about $105,000. Finally, Alyeska Investment Group L.P. lifted its position in shares of Mattel by 30.4% during the second quarter. Alyeska Investment Group L.P. now owns 6,008,450 shares of the company's stock valued at $83,397,000 after buying an additional 1,399,771 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

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.

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