Mattel, Inc. (NASDAQ:MAT – Get Free Report) has been given an average rating of “Hold” by the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $17.3333.
Several research firms have commented on MAT. Weiss Ratings cut Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Citigroup decreased their price objective on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, July 10th. Wells Fargo & Company lowered their price objective on Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Roth Capital cut their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Finally, Wall Street Zen cut Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th.
View Our Latest Stock Report on Mattel
Mattel Stock Performance
Mattel (NASDAQ:MAT – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Mattel had a net margin of 7.79% and a return on equity of 16.20%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company posted $0.19 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities research analysts forecast that Mattel will post 1.32 EPS for the current year.
Hedge Funds Weigh In On Mattel
A number of hedge funds have recently made changes to their positions in the business. Primecap Management Co. CA acquired a new position in shares of Mattel in the 2nd quarter worth approximately $409,540,000. BlackRock Inc. acquired a new stake in Mattel in the 2nd quarter valued at $363,273,000. EdgePoint Investment Group Inc. boosted its stake in Mattel by 6.0% in the 4th quarter. EdgePoint Investment Group Inc. now owns 47,341,242 shares of the company’s stock valued at $939,250,000 after buying an additional 2,678,482 shares in the last quarter. Alyeska Investment Group L.P. grew its position in Mattel by 274.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 3,445,360 shares of the company’s stock valued at $68,356,000 after acquiring an additional 2,524,123 shares during the period. Finally, Norges Bank bought a new stake in Mattel in the fourth quarter valued at $49,182,000. Institutional investors and hedge funds own 97.15% of the company’s stock.
About Mattel
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.
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