DA Davidson Raises Mattel (NASDAQ:MAT) Price Target to $30.00

Mattel (NASDAQ:MAT - Get Free Report) had its price target raised by DA Davidson from $27.00 to $30.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's price target points to a potential upside of 39.66% from the stock's current price. DA Davidson also issued estimates for Mattel's FY2026 earnings at $1.78 EPS.

Other analysts have also issued reports about the stock. Bank of America upped their price target on shares of Mattel from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Jefferies Financial Group raised Mattel from a "hold" rating to a "buy" rating and increased their price target for the company from $20.00 to $28.00 in a research note on Wednesday. Morgan Stanley boosted their price objective on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Finally, StockNews.com cut shares of Mattel from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Mattel presently has a consensus rating of "Moderate Buy" and an average price target of $25.57.

Mattel Stock Performance

MAT stock traded up $0.05 during mid-day trading on Wednesday, reaching $21.48. The company had a trading volume of 4,130,755 shares, compared to its average volume of 3,631,173. Mattel has a one year low of $15.87 and a one year high of $21.88. The stock has a market capitalization of $7.24 billion, a P/E ratio of 13.43, a P/E/G ratio of 2.32 and a beta of 0.76. The company has a quick ratio of 1.88, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The stock's 50-day simple moving average is $18.56 and its two-hundred day simple moving average is $18.87.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same quarter last year, the business posted $0.29 earnings per share. Research analysts anticipate that Mattel will post 1.69 EPS for the current year.

Institutional Trading of Mattel

Institutional investors and hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. raised its holdings in shares of Mattel by 584.3% during the third quarter. UMB Bank n.a. now owns 1,485 shares of the company's stock valued at $28,000 after acquiring an additional 1,268 shares during the period. V Square Quantitative Management LLC purchased a new position in Mattel during the 3rd quarter worth approximately $29,000. Prospera Private Wealth LLC acquired a new stake in Mattel during the 3rd quarter valued at $34,000. West Oak Capital LLC lifted its holdings in shares of Mattel by 9,775.0% in the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock valued at $35,000 after purchasing an additional 1,955 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Mattel by 38.3% in the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock worth $53,000 after buying an additional 775 shares during the period. Institutional investors and hedge funds own 97.15% of the company's stock.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.