Mattel (NASDAQ:MAT) PT Raised to $27.00 at DA Davidson

Mattel (NASDAQ:MAT) had its price target raised by DA Davidson from $26.00 to $27.00 in a research note released on Wednesday, Benzinga reports. They currently have a buy rating on the stock. DA Davidson also issued estimates for Mattel’s Q2 2024 earnings at $0.14 EPS, FY2024 earnings at $1.45 EPS and FY2025 earnings at $1.58 EPS.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley reaffirmed an equal weight rating and set a $19.00 price target (down previously from $25.00) on shares of Mattel in a report on Wednesday, January 17th. Roth Mkm reaffirmed a neutral rating and set a $20.00 price target (down previously from $24.00) on shares of Mattel in a report on Thursday, January 4th. TheStreet cut Mattel from a b- rating to a c+ rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. cut Mattel from an overweight rating to a neutral rating and dropped their target price for the stock from $24.00 to $19.00 in a report on Monday, February 5th. Finally, Roth Capital cut Mattel from a buy rating to a neutral rating in a report on Thursday, January 4th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $22.78.

Mattel Trading Down 0.6 %

MAT stock opened at $18.36 on Wednesday. The business has a fifty day simple moving average of $19.29 and a 200-day simple moving average of $19.07. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.18 and a beta of 0.95. The company has a quick ratio of 1.90, a current ratio of 2.49 and a debt-to-equity ratio of 1.15. Mattel has a 52 week low of $16.20 and a 52 week high of $22.64.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. The company had revenue of $809.50 million for the quarter, compared to analysts’ expectations of $833.52 million. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.24) earnings per share. On average, equities research analysts expect that Mattel will post 1.4 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Mesirow Financial Investment Management Inc. acquired a new position in Mattel in the first quarter worth approximately $406,000. Krilogy Financial LLC grew its position in Mattel by 31.1% in the first quarter. Krilogy Financial LLC now owns 55,656 shares of the company’s stock worth $1,103,000 after buying an additional 13,214 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Mattel by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 101,700 shares of the company’s stock worth $2,015,000 after buying an additional 2,500 shares during the last quarter. State of Michigan Retirement System grew its position in Mattel by 2.4% in the first quarter. State of Michigan Retirement System now owns 86,733 shares of the company’s stock worth $1,718,000 after buying an additional 2,000 shares during the last quarter. Finally, Thompson Investment Management Inc. grew its position in Mattel by 8.8% in the first quarter. Thompson Investment Management Inc. now owns 14,780 shares of the company’s stock worth $293,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.