Mattel, Inc. (NASDAQ:MAT) Receives $24.38 Consensus PT from Analysts

Shares of Mattel, Inc. (NASDAQ:MAT) have earned an average rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $23.50.

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mattel in a research report on Wednesday, October 8th. DA Davidson reduced their price objective on shares of Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Mattel from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Wall Street Zen cut shares of Mattel from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Finally, Roth Capital set a $20.00 price objective on shares of Mattel and gave the stock a “neutral” rating in a research report on Wednesday.

Mattel Price Performance

NASDAQ:MAT opened at $18.30 on Thursday. Mattel has a 1-year low of $13.94 and a 1-year high of $22.07. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $17.86 and a 200 day simple moving average of $17.98. The stock has a market capitalization of $5.90 billion, a PE ratio of 13.66, a P/E/G ratio of 2.39 and a beta of 0.68.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, October 21st. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). Mattel had a net margin of 8.27% and a return on equity of 20.77%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the business posted $1.14 earnings per share. Mattel’s quarterly revenue was down 5.9% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, research analysts expect that Mattel will post 1.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Mattel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont boosted its position in shares of Mattel by 995.8% in the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock valued at $26,000 after acquiring an additional 1,195 shares during the period. Parallel Advisors LLC boosted its position in shares of Mattel by 189.9% in the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock valued at $32,000 after acquiring an additional 1,054 shares during the period. Traub Capital Management LLC bought a new stake in shares of Mattel in the second quarter valued at about $40,000. IFP Advisors Inc boosted its position in shares of Mattel by 90.6% in the second quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock valued at $44,000 after acquiring an additional 1,053 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Mattel by 52.9% in the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company’s stock valued at $54,000 after acquiring an additional 962 shares during the period. 97.15% of the stock is owned by institutional investors.

Mattel Company Profile

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.