Mattel, Inc. (NASDAQ:MAT) Given Consensus Recommendation of “Hold” by Analysts

Mattel, Inc. (NASDAQ:MAT) has been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $22.5714.

A number of brokerages recently commented on MAT. Weiss Ratings restated a “hold (c)” rating on shares of Mattel in a research note on Wednesday, October 8th. Roth Capital set a $20.00 price target on shares of Mattel and gave the company a “neutral” rating in a report on Wednesday, October 22nd. DA Davidson dropped their price objective on shares of Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, October 22nd. Cfra Research lowered shares of Mattel from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th.

Mattel Price Performance

Shares of Mattel stock opened at $21.13 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.18. The company has a market cap of $6.57 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 2.48 and a beta of 0.70. The firm has a fifty day moving average price of $18.85 and a two-hundred day moving average price of $18.69. Mattel has a fifty-two week low of $13.94 and a fifty-two week high of $22.07.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $0.89 earnings per share (EPS) 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 20.60%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Analysts expect that Mattel will post 1.7 EPS for the current year.

Institutional Trading of Mattel

Institutional investors have recently bought and sold shares of the stock. AlphaQuest LLC lifted its holdings in shares of Mattel by 13.0% during the first quarter. AlphaQuest LLC now owns 4,782 shares of the company’s stock valued at $93,000 after acquiring an additional 551 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Mattel by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company’s stock worth $1,688,000 after purchasing an additional 623 shares in the last quarter. State of Wyoming lifted its holdings in Mattel by 4.3% during the 3rd quarter. State of Wyoming now owns 15,251 shares of the company’s stock valued at $257,000 after purchasing an additional 634 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Mattel by 12.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 6,687 shares of the company’s stock valued at $113,000 after purchasing an additional 747 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Mattel by 1.7% in the second quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock valued at $902,000 after buying an additional 758 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.