Mattel (NASDAQ:MAT) Price Target Raised to $30.00

Mattel (NASDAQ:MAT) had its target price lifted by DA Davidson from $27.00 to $30.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock. DA Davidson also issued estimates for Mattel’s FY2026 earnings at $1.78 EPS.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley boosted their target price on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and increased their target price for the company from $20.00 to $28.00 in a research note on Wednesday. StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Bank of America increased their target price on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Three equities research 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, the company has an average rating of “Moderate Buy” and a consensus target price of $25.57.

Mattel Trading Up 0.2 %

Shares of MAT opened at $21.48 on Wednesday. The stock has a fifty day moving average price of $18.56 and a two-hundred day moving average price of $18.85. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. Mattel has a 52-week low of $15.87 and a 52-week high of $21.88. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 0.88 and a beta of 0.76.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.39% and a net margin of 10.24%. During the same quarter in the prior year, the company earned $0.29 earnings per share. Analysts predict that Mattel will post 1.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Mattel

Several large investors have recently modified their holdings of MAT. SG Americas Securities LLC increased its holdings in shares of Mattel by 198.8% in the third quarter. SG Americas Securities LLC now owns 57,312 shares of the company’s stock worth $1,092,000 after acquiring an additional 38,134 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Mattel by 13.2% in the third quarter. Handelsbanken Fonder AB now owns 88,200 shares of the company’s stock worth $1,680,000 after acquiring an additional 10,300 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 acquiring an additional 775 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Mattel by 584.3% in the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of Mattel by 42.8% in the third quarter. Creative Planning now owns 15,026 shares of the company’s stock worth $286,000 after acquiring an additional 4,504 shares in the last quarter. 97.15% of the stock is currently owned by 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.