Mattel (NASDAQ:MAT) Shares Gap Up – Time to Buy?

Mattel, Inc. (NASDAQ:MAT) shares gapped up prior to trading on Wednesday. The stock had previously closed at $15.93, but opened at $16.42. Mattel shares last traded at $16.1570, with a volume of 1,852,696 shares traded.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MAT. Citigroup lowered their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, July 10th. The Goldman Sachs Group cut Mattel from a “neutral” rating to a “sell” rating and cut their price objective for the company from $15.00 to $12.00 in a report on Thursday, July 9th. UBS Group reiterated a “buy” rating on shares of Mattel in a research report on Thursday, October 1st. Odeon Capital Group initiated coverage on Mattel in a research note on Thursday, July 16th. They set a “buy” rating for the company. Finally, Argus restated a “buy” rating and set a $22.00 target price on shares of Mattel in a report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.80.

Mattel Stock Up 1.3%

The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.80 and a beta of 0.70. The firm’s 50 day moving average price is $14.43 and its two-hundred day moving average price is $14.46.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. Mattel had a net margin of 7.79% and a return on equity of 16.20%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts anticipate that Mattel, Inc. will post 1.31 earnings per share for the current fiscal year.

Insider Activity at Mattel

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $15.02, for a total value of $587,026.66. Following the transaction, the executive vice president directly owned 144,390 shares of the company’s stock, valued at $2,168,737.80. This trade represents a 21.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sei Investments Co. grew its stake in Mattel by 107.3% during the first quarter. Sei Investments Co. now owns 2,159,405 shares of the company’s stock worth $31,376,000 after purchasing an additional 1,117,726 shares during the period. BlackRock Inc. acquired a new position in Mattel in the second quarter valued at approximately $363,273,000. Public Employees Retirement System of Ohio bought a new position in shares of Mattel during the 2nd quarter worth approximately $1,141,000. Great Lakes Advisors LLC bought a new position in shares of Mattel during the 2nd quarter worth approximately $3,147,000. Finally, Tidal Investments LLC grew its position in shares of Mattel by 184.6% during the 2nd quarter. Tidal Investments LLC now owns 160,814 shares of the company’s stock worth $2,232,000 after buying an additional 104,302 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

About Mattel

Mattel, Inc (NASDAQ:MAT) is a global toy and entertainment company that designs, manufactures and markets a broad portfolio of toys, games and related consumer products. Its brands include Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, Matchbox, UNO, MEGA, Masters of the Universe and Magic 8 Ball.

The company develops products across categories such as dolls, vehicles, preschool toys, building sets, games and outdoor play. Mattel also extends its brands through entertainment content, digital gaming, consumer products, live experiences and licensing partnerships.

Founded in 1945, Mattel serves consumers in markets around the world through retail, e-commerce and other distribution channels.