Mattel (NASDAQ:MAT) Price Target Cut to $23.00 by Analysts at JPMorgan Chase & Co.

Mattel (NASDAQ:MAT) had its price target decreased by JPMorgan Chase & Co. from $25.00 to $23.00 in a research report released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mattel in a research report on Wednesday, October 8th. Roth Capital set a $20.00 target price on Mattel and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Cfra Research downgraded Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Finally, DA Davidson cut their target price on Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.57.

Mattel Stock Up 3.2%

MAT stock opened at $19.04 on Monday. Mattel has a twelve month low of $13.94 and a twelve month high of $22.07. The company has a quick ratio of 1.18, a current ratio of 1.60 and a debt-to-equity ratio of 0.77. The firm has a market cap of $6.13 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 2.36 and a beta of 0.68. The business has a 50 day moving average of $17.90 and a 200 day moving average of $18.09.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). Mattel had a net margin of 8.27% and a return on equity of 20.60%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business earned $1.14 EPS. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, research analysts forecast that Mattel will post 1.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Mattel

A number of institutional investors and hedge funds have recently modified their holdings of the company. AlphaQuest LLC boosted its stake in shares of Mattel by 13.0% in the 1st quarter. AlphaQuest LLC now owns 4,782 shares of the company’s stock worth $93,000 after buying an additional 551 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Mattel by 1.7% in the 2nd quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock worth $902,000 after buying an additional 758 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Mattel by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 94,400 shares of the company’s stock worth $1,834,000 after buying an additional 900 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of Mattel by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 80,633 shares of the company’s stock worth $1,567,000 after buying an additional 900 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Mattel by 90.6% in the 2nd quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock worth $44,000 after buying an additional 1,053 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other 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.