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

Shares of Mattel, Inc. (NASDAQ:MAT) have earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.5714.

MAT has been the topic of several recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Mattel in a research report on Wednesday, December 24th. Roth Capital set a $20.00 price objective on Mattel and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. DA Davidson cut their target price on Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. reduced their target price on Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Finally, Cfra Research downgraded shares of Mattel from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 22nd.

Mattel Price Performance

Shares of NASDAQ:MAT opened at $19.98 on Tuesday. The firm has a market capitalization of $6.21 billion, a PE ratio of 14.91, a P/E/G ratio of 2.37 and a beta of 0.70. 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 company has a 50-day moving average price of $19.75 and a two-hundred day moving average price of $18.83. Mattel has a twelve month low of $13.94 and a twelve month high of $22.07.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its stake in Mattel by 537.7% in the third quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock worth $25,000 after buying an additional 1,140 shares in the last quarter. Quarry LP bought a new stake in shares of Mattel in the 3rd quarter worth approximately $28,000. Parallel Advisors LLC boosted its stake in shares of Mattel by 189.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock valued at $32,000 after purchasing an additional 1,054 shares in the last quarter. Traub Capital Management LLC bought a new position in shares of Mattel during the 2nd quarter valued at $40,000. Finally, IFP Advisors Inc grew its holdings in shares of Mattel by 90.6% during the 2nd quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock valued at $44,000 after purchasing an additional 1,053 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

Mattel Company Profile

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.