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

Shares of Mattel, Inc. (NASDAQ:MAT) have earned an average rating of “Hold” from the ten analysts that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $22.5714.

A number of equities analysts have issued reports on MAT shares. JPMorgan Chase & Co. reduced their price target on shares of Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Cfra Research lowered shares of Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Mattel in a research report on Wednesday, December 24th. Roth Capital set a $20.00 price target on shares of Mattel and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, Seaport Res Ptn upgraded Mattel to a “hold” rating in a research note on Monday, November 10th.

Mattel Stock Performance

Shares of MAT stock opened at $20.57 on Tuesday. The business has a fifty day moving average of $19.88 and a 200 day moving average of $18.87. Mattel has a 1 year low of $13.94 and a 1 year high of $22.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.18. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 2.11 and a beta of 0.69.

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

Institutional Investors Weigh In On Mattel

Several hedge funds have recently bought and sold shares of the stock. Amundi acquired a new stake in Mattel in the 1st quarter worth about $2,994,000. Intech Investment Management LLC raised its holdings in shares of Mattel by 511.7% during the first quarter. Intech Investment Management LLC now owns 418,810 shares of the company’s stock valued at $8,137,000 after acquiring an additional 350,346 shares during the last quarter. Norges Bank purchased a new position in shares of Mattel in the second quarter valued at approximately $55,651,000. Krilogy Financial LLC boosted its stake in shares of Mattel by 58.5% in the second quarter. Krilogy Financial LLC now owns 125,093 shares of the company’s stock worth $2,467,000 after acquiring an additional 46,172 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Mattel during the first quarter worth approximately $4,436,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

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.