Mattel, Inc. (NASDAQ:MAT) Given Average Rating of “Hold” by Brokerages

Mattel, Inc. (NASDAQ:MAT) has been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $22.5714.

MAT has been the topic of a number of research reports. Cfra Research downgraded shares of Mattel from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their target price on Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Roth Capital set a $20.00 price target on Mattel and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. DA Davidson reduced their price objective on shares of Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. Finally, Seaport Res Ptn raised shares of Mattel to a “hold” rating in a research note on Monday, November 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its position in shares of Mattel by 386.2% in the 1st quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company’s stock valued at $139,218,000 after purchasing an additional 5,767,170 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in Mattel by 247.5% in 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 acquiring an additional 4,737,199 shares in the last quarter. EdgePoint Investment Group Inc. boosted its stake in Mattel by 12.9% in the 2nd 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 2nd quarter worth about $56,619,000. Finally, Norges Bank bought a new position in Mattel during the 2nd quarter worth about $55,651,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Performance

Mattel stock opened at $21.13 on Friday. The stock has a 50-day simple moving average of $18.85 and a 200 day simple moving average of $18.69. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 2.48 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. Mattel has a 12-month low of $13.94 and a 12-month high of $22.07.

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

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.