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

Shares of Mattel, Inc. (NASDAQ:MAT) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $17.3333.

A number of equities analysts recently commented on MAT shares. Wall Street Zen downgraded Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Roth Capital cut their price target on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday. Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. JPMorgan Chase & Co. decreased their price objective on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Thursday, April 30th. Finally, The Goldman Sachs Group lowered shares of Mattel from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $15.00 to $12.00 in a report on Thursday, July 9th.

Mattel Stock Down 2.4%

Shares of NASDAQ:MAT opened at $14.30 on Friday. The stock’s 50-day moving average is $14.27 and its 200 day moving average is $16.27. The company has a market cap of $4.16 billion, a PE ratio of 9.05, a P/E/G ratio of 1.28 and a beta of 0.74. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50. Mattel has a 1 year low of $12.73 and a 1 year high of $22.48.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.04. The business had revenue of $862.17 million during the quarter, compared to analysts’ expectations of $808.38 million. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts anticipate that Mattel will post 1.35 EPS for the current year.

Hedge Funds Weigh In On Mattel

A number of institutional investors have recently bought and sold shares of the stock. Redwood Investment Management LLC raised its position in shares of Mattel by 31.3% in the 1st quarter. Redwood Investment Management LLC now owns 72,448 shares of the company’s stock worth $1,053,000 after acquiring an additional 17,268 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Mattel by 26.5% during the first quarter. Empowered Funds LLC now owns 37,708 shares of the company’s stock valued at $548,000 after purchasing an additional 7,893 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Mattel by 14.6% during the first quarter. Bank of America Corp DE now owns 1,914,866 shares of the company’s stock valued at $27,823,000 after purchasing an additional 244,094 shares in the last quarter. Seven Six Capital Management LLC purchased a new stake in Mattel in the first quarter worth $2,110,000. Finally, Kentucky Retirement Systems purchased a new stake in Mattel in the first quarter worth $406,000. 97.15% of the stock is owned by institutional investors.

Mattel Company Profile

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.