Mattel (NASDAQ:MAT) Rating Increased to Strong-Buy at DA Davidson

DA Davidson upgraded shares of Mattel (NASDAQ:MAT - Free Report) to a strong-buy rating in a research report report published on Monday,Zacks.com reports. DA Davidson also issued estimates for Mattel's Q1 2025 earnings at ($0.15) EPS, FY2025 earnings at $1.68 EPS and FY2026 earnings at $1.78 EPS.

Several other equities analysts have also commented on MAT. Morgan Stanley raised their price objective on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and lifted their price target for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. Finally, StockNews.com upgraded shares of Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $25.57.

Mattel Trading Up 1.3 %

NASDAQ MAT traded up $0.19 on Monday, hitting $14.83. The company's stock had a trading volume of 4,774,089 shares, compared to its average volume of 3,573,732. The firm has a market cap of $4.79 billion, a P/E ratio of 9.27, a PEG ratio of 2.35 and a beta of 0.51. Mattel has a 52-week low of $13.95 and a 52-week high of $22.07. The company's 50-day simple moving average is $19.15 and its 200 day simple moving average is $18.95. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period last year, the business earned $0.29 earnings per share. Research analysts predict that Mattel will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Magnetar Financial LLC bought a new position in Mattel during the 4th quarter valued at about $944,000. Arrowstreet Capital Limited Partnership raised its holdings in Mattel by 34.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company's stock worth $37,760,000 after purchasing an additional 545,300 shares during the period. Vanguard Group Inc. increased its holdings in Mattel by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company's stock worth $587,469,000 after acquiring an additional 355,769 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Mattel during the 4th quarter valued at $660,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Mattel by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company's stock worth $77,847,000 after acquiring an additional 127,064 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

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.