Mattel, Inc. (NASDAQ:MAT) Receives Average Rating of “Hold” from Analysts

Mattel, Inc. (NASDAQ:MAT) has earned an average rating of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $18.2222.

Several research firms have issued reports on MAT. Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Weiss Ratings downgraded shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th. Wells Fargo & Company decreased their price objective on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. UBS Group reaffirmed a “buy” rating and set a $28.00 price objective on shares of Mattel in a report on Thursday, March 5th. Finally, Argus upgraded shares of Mattel to a “strong-buy” rating in a research report on Friday, March 13th.

Mattel Stock Performance

MAT opened at $13.89 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 1.26 and a beta of 0.72. Mattel has a 52-week low of $13.61 and a 52-week high of $22.48. The firm’s fifty day simple moving average is $14.73 and its two-hundred day simple moving average is $17.14.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.04. The business had revenue of $862.17 million for the quarter, compared to the consensus estimate of $808.38 million. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities analysts anticipate that Mattel will post 1.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mattel

A number of hedge funds have recently modified their holdings of MAT. EdgePoint Investment Group Inc. raised its position in shares of Mattel by 9.4% in the third quarter. EdgePoint Investment Group Inc. now owns 44,662,760 shares of the company’s stock valued at $751,674,000 after buying an additional 3,839,176 shares during the last quarter. Alyeska Investment Group L.P. raised its position in shares of 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 buying an additional 2,524,123 shares during the last quarter. Norges Bank acquired a new stake in shares of Mattel in the fourth quarter valued at about $49,182,000. Serenity Capital Management PTE. LTD. acquired a new stake in shares of Mattel in the fourth quarter valued at about $47,331,000. Finally, Simcoe Capital Management LLC acquired a new stake in shares of Mattel in the third quarter valued at about $39,044,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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.