Odeon Capital Group Initiates Coverage on Mattel (NASDAQ:MAT)

Investment analysts at Odeon Capital Group assumed coverage on shares of Mattel (NASDAQ:MAT) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage set a “buy” rating on the stock.

A number of other equities research analysts have also weighed in on the company. Wells Fargo & Company cut their price objective on Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Citigroup reduced their price target 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. Zacks Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. reduced their price objective on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Thursday, April 30th. Finally, The Goldman Sachs Group cut 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 report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Mattel presently has a consensus rating of “Hold” and an average price target of $17.33.

Mattel Trading Up 5.4%

Shares of MAT traded up $0.75 during trading hours on Thursday, hitting $14.61. 2,432,882 shares of the stock traded hands, compared to its average volume of 4,907,803. The firm has a market capitalization of $4.24 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 1.19 and a beta of 0.74. The business has a fifty day moving average of $14.30 and a 200-day moving average of $16.32. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11. Mattel has a 1-year low of $12.73 and a 1-year high of $22.48.

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

Hedge Funds Weigh In On Mattel

A number of institutional investors have recently modified their holdings of the stock. Quarry LP bought a new position in Mattel during the 3rd quarter worth approximately $28,000. Los Angeles Capital Management LLC acquired a new stake in Mattel during the fourth quarter worth approximately $31,000. SJS Investment Consulting Inc. boosted its position in shares of Mattel by 2,959.6% in 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. Atlas Capital Advisors Inc. bought a new position in Mattel during the 4th quarter worth $36,000. Finally, Farther Finance Advisors LLC raised its position in Mattel by 107.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after purchasing an additional 1,048 shares in the last quarter. 97.15% of the stock is owned by institutional investors.

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.