Zacks Research Downgrades Mattel (NASDAQ:MAT) to Strong Sell

Mattel (NASDAQ:MAT) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

MAT has been the subject of several other reports. The Goldman Sachs Group boosted their target price on Mattel from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Morgan Stanley set a $18.00 price target on Mattel in a report on Wednesday, February 11th. Wells Fargo & Company began coverage on shares of Mattel in a research report on Wednesday. They issued an “overweight” rating and a $19.00 price target on the stock. Citigroup cut shares of Mattel from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $25.00 to $16.00 in a research note on Wednesday, February 11th. Finally, Weiss Ratings downgraded shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.44.

Mattel Trading Up 0.7%

Mattel stock opened at $16.22 on Wednesday. Mattel has a one year low of $13.94 and a one year high of $22.48. The company’s fifty day moving average price is $19.08 and its two-hundred day moving average price is $18.97. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.15 and a quick ratio of 1.76. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 12.87 and a beta of 0.72.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.14). The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.85 billion. Mattel had a return on equity of 20.72% and a net margin of 7.44%.Mattel’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. On average, analysts forecast that Mattel will post 1.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MAT. Integrated Wealth Concepts LLC acquired a new stake in shares of Mattel in the first quarter worth $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Mattel by 74.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock valued at $67,000 after purchasing an additional 1,468 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Mattel by 50.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock valued at $80,709,000 after purchasing an additional 1,393,000 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Mattel by 5.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company’s stock valued at $15,135,000 after purchasing an additional 37,118 shares during the period. Finally, Focus Partners Wealth bought a new stake in Mattel in the 1st quarter valued at $266,000. 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.