Mattel, Inc. (NASDAQ:MAT) Receives $22.57 Consensus Price Target from Analysts

Mattel, Inc. (NASDAQ:MAT) has received an average rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $22.5714.

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

Mattel Stock Up 1.9%

Mattel stock opened at $19.60 on Monday. The stock has a market capitalization of $6.09 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 2.21 and a beta of 0.76. The company has a quick ratio of 1.18, a current ratio of 1.60 and a debt-to-equity ratio of 0.77. Mattel has a twelve month low of $13.94 and a twelve month high of $22.07. The company has a 50 day moving average of $18.07 and a 200-day moving average of $18.41.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data 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 business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.86 billion. Mattel had a net margin of 8.27% and a return on equity of 20.60%. Mattel’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, equities research analysts anticipate that Mattel will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MAT. AQR Capital Management LLC increased its holdings in shares of Mattel by 386.2% during the 1st quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company’s stock worth $139,218,000 after acquiring an additional 5,767,170 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Mattel by 247.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company’s stock valued at $129,240,000 after purchasing an additional 4,737,199 shares during the last quarter. EdgePoint Investment Group Inc. boosted its position in Mattel by 12.9% during the second quarter. EdgePoint Investment Group Inc. now owns 40,823,584 shares of the company’s stock worth $805,041,000 after purchasing an additional 4,665,541 shares during the period. Mane Global Capital Management LP bought a new position in Mattel during the second quarter worth $56,619,000. Finally, Norges Bank acquired a new position in shares of Mattel in the second quarter valued at $55,651,000. 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.