Mattel (NASDAQ:MAT) Trading Up 4.9% – Time to Buy?

Mattel, Inc. (NASDAQ:MAT) shares rose 4.9% during mid-day trading on Monday . The company traded as high as $14.12 and last traded at $13.9860. 653,904 shares traded hands during trading, a decline of 87% from the average daily volume of 4,864,312 shares. The stock had previously closed at $13.33.

Analysts Set New Price Targets

Several research analysts recently weighed in on MAT shares. Zacks Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Roth Capital dropped their target price on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Mattel in a research note on Thursday, July 2nd. JPMorgan Chase & Co. cut 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. Finally, Citigroup decreased their price target on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.33.

Mattel Trading Down 1.2%

The firm’s 50-day simple moving average is $14.33 and its 200-day simple moving average is $16.36. The firm has a market capitalization of $3.97 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 1.21 and a beta of 0.74. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.04. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The firm had revenue of $862.17 million for the quarter, compared to the consensus estimate of $808.38 million. During the same quarter in the previous year, the business earned ($0.03) earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities analysts expect that Mattel, Inc. will post 1.35 earnings per share for the current year.

Institutional Trading of Mattel

Several hedge funds and other institutional investors have recently bought and sold shares of MAT. JPMorgan Chase & Co. lifted its holdings in Mattel by 21.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,393,829 shares of the company’s stock worth $23,458,000 after buying an additional 244,030 shares during the period. K.J. Harrison & Partners Inc increased its stake in shares of Mattel by 1,323.5% during the fourth quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company’s stock valued at $4,801,000 after buying an additional 225,000 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Mattel by 203.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 810,970 shares of the company’s stock valued at $16,252,000 after buying an additional 543,640 shares during the period. AE Wealth Management LLC bought a new position in shares of Mattel during the fourth quarter valued at approximately $4,948,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Mattel during the fourth quarter valued at approximately $3,406,000. Institutional investors own 97.15% of the company’s stock.

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.