Mattel (NASDAQ:MAT) Rating Lowered to “Hold” at Cfra Research

Mattel (NASDAQ:MAT) was downgraded by analysts at Cfra Research from a “moderate buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on MAT. Weiss Ratings reiterated a “hold (c)” rating on shares of Mattel in a report on Wednesday, October 8th. Wall Street Zen cut Mattel from a “buy” rating to a “hold” rating in a report on Friday, June 27th. DA Davidson decreased their price objective on Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday. Roth Capital set a $20.00 price objective on Mattel and gave the company a “neutral” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Mattel has a consensus rating of “Hold” and a consensus price target of $22.86.

Mattel Price Performance

MAT stock opened at $18.45 on Wednesday. The stock has a 50-day moving average price of $17.88 and a two-hundred day moving average price of $18.03. The stock has a market cap of $5.94 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.77. Mattel has a 1 year low of $13.94 and a 1 year high of $22.07.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, October 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a return on equity of 20.60% and a net margin of 8.27%.Mattel’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the company posted $1.14 EPS. 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 fiscal year.

Hedge Funds Weigh In On Mattel

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System grew its holdings in Mattel by 2.2% during the third quarter. New York State Teachers Retirement System now owns 317,965 shares of the company’s stock worth $5,351,000 after purchasing an additional 6,809 shares during the period. Forum Financial Management LP lifted its position in Mattel by 11.1% during the third quarter. Forum Financial Management LP now owns 13,414 shares of the company’s stock worth $226,000 after acquiring an additional 1,339 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Mattel by 135.1% during the third quarter. State of Alaska Department of Revenue now owns 85,219 shares of the company’s stock worth $1,433,000 after acquiring an additional 48,970 shares during the last quarter. SG Americas Securities LLC lifted its position in Mattel by 629.1% during the third quarter. SG Americas Securities LLC now owns 135,781 shares of the company’s stock worth $2,285,000 after acquiring an additional 117,158 shares during the last quarter. Finally, CX Institutional acquired a new stake in Mattel during the third quarter worth approximately $6,260,000. Institutional investors 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.