Mattel (NASDAQ:MAT – Get Rating) updated its FY23 earnings guidance on Thursday. The company provided earnings per share guidance of $1.10-1.20 for the period, compared to the consensus earnings per share estimate of $1.28.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on MAT. The Goldman Sachs Group lowered their price target on shares of Mattel from $26.00 to $21.00 and set a buy rating on the stock in a research note on Friday, February 10th. Stifel Nicolaus lowered their price target on shares of Mattel from $29.00 to $26.00 and set a buy rating on the stock in a research note on Tuesday, January 3rd. TheStreet lowered shares of Mattel from a b- rating to a c+ rating in a research note on Wednesday, March 1st. BMO Capital Markets lowered their price objective on shares of Mattel from $30.00 to $27.00 and set an outperform rating on the stock in a research note on Friday, February 10th. Finally, StockNews.com initiated coverage on shares of Mattel in a report on Thursday. They set a hold rating for the company. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Mattel presently has a consensus rating of Moderate Buy and a consensus price target of $24.33.
Mattel Stock Down 2.2 %
Mattel stock opened at $16.25 on Friday. The firm’s fifty day moving average price is $19.00 and its two-hundred day moving average price is $19.02. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 4.22 and a beta of 1.20. The company has a current ratio of 2.30, a quick ratio of 1.54 and a debt-to-equity ratio of 1.13. Mattel has a 1-year low of $15.36 and a 1-year high of $26.99.
Hedge Funds Weigh In On Mattel
Large investors have recently modified their holdings of the company. Money Concepts Capital Corp bought a new stake in Mattel during the fourth quarter valued at approximately $29,000. Lazard Asset Management LLC purchased a new position in shares of Mattel during the first quarter worth approximately $86,000. Captrust Financial Advisors raised its stake in shares of Mattel by 28.8% during the second quarter. Captrust Financial Advisors now owns 5,855 shares of the company’s stock worth $131,000 after acquiring an additional 1,308 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in shares of Mattel during the fourth quarter worth approximately $180,000. Finally, CI Private Wealth LLC purchased a new position in shares of Mattel during the fourth quarter worth approximately $182,000. 96.93% of the stock is currently owned by institutional investors.
Mattel, Inc engages in the ownership of children’s and family entertainment franchises. It operates through the following segments: North America, International, and American Girl. The North America and International segments focus on marketing and selling toys and consumer products. The American Girl segment includes marketing, retailing, and publishing dedicated to its mission to help girls grow up with confidence and character.
- Get a free copy of the StockNews.com research report on Mattel (MAT)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.