Mattel (NASDAQ:MAT) Trading 4.9% Higher – What’s Next?

Mattel, Inc. (NASDAQ:MAT) shares were up 4.9% during trading on Monday . The stock traded as high as $14.12 and last traded at $13.9860. Approximately 653,904 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 4,864,312 shares. The stock had previously closed at $13.33.

Wall Street Analysts Forecast Growth

MAT has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Mattel from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. JPMorgan Chase & Co. dropped their target price on Mattel from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Thursday, April 30th. Citigroup cut their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday. Wells Fargo & Company reduced their price target on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Mattel in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Mattel has a consensus rating of “Hold” and a consensus target price of $17.44.

Mattel Stock Up 5.9%

The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11. The company has a market cap of $4.10 billion, a PE ratio of 8.94, a P/E/G ratio of 1.16 and a beta of 0.74. The stock has a 50-day moving average of $14.37 and a 200-day moving average of $16.45.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.04. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The company had revenue of $862.17 million during the quarter, compared to analyst estimates of $808.38 million. During the same quarter last year, the company earned ($0.03) earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts predict that Mattel, Inc. will post 1.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. EdgePoint Investment Group Inc. grew its position in Mattel by 9.4% in the third quarter. EdgePoint Investment Group Inc. now owns 44,662,760 shares of the company’s stock worth $751,674,000 after acquiring an additional 3,839,176 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in Mattel by 274.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 3,445,360 shares of the company’s stock valued at $68,356,000 after acquiring an additional 2,524,123 shares during the last quarter. Norges Bank purchased a new stake in Mattel during the fourth quarter valued at about $49,182,000. Serenity Capital Management PTE. LTD. purchased a new stake in Mattel during the fourth quarter valued at about $47,331,000. Finally, BNP Paribas Financial Markets lifted its stake in Mattel by 4,633.8% during the third quarter. BNP Paribas Financial Markets now owns 1,581,292 shares of the company’s stock worth $26,613,000 after purchasing an additional 1,547,888 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

About Mattel

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.