Brokerages Set Mattel, Inc. (NASDAQ:MAT) Price Target at $18.44

Mattel, Inc. (NASDAQ:MAT) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $18.4444.

Several analysts have issued reports on the stock. Zacks Research lowered shares of Mattel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th. Roth Mkm set a $16.00 price objective on shares of Mattel in a research note on Wednesday, February 11th. Wells Fargo & Company began coverage on shares of Mattel in a report on Wednesday, March 11th. They issued an “overweight” rating and a $19.00 target price on the stock. The Goldman Sachs Group raised their target price on shares of Mattel from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Finally, Citigroup cut Mattel from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $16.00 in a report on Wednesday, February 11th.

Mattel Stock Down 0.4%

NASDAQ:MAT opened at $15.70 on Friday. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 12.46 and a beta of 0.72. Mattel has a twelve month low of $13.94 and a twelve month high of $22.48. The stock’s 50 day moving average price is $18.80 and its two-hundred day moving average price is $18.92. The company has a quick ratio of 1.76, a current ratio of 2.15 and a debt-to-equity ratio of 1.04.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.14). Mattel had a return on equity of 20.72% and a net margin of 7.44%.The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the company earned $0.35 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. Equities research analysts expect that Mattel will post 1.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC increased its holdings in shares of Mattel by 537.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock worth $25,000 after acquiring an additional 1,140 shares during the last quarter. Quarry LP acquired a new stake in Mattel during the 3rd quarter valued at $28,000. Los Angeles Capital Management LLC bought a new position in Mattel during the fourth quarter worth $31,000. Atlas Capital Advisors Inc. bought a new position in Mattel during the fourth quarter worth $36,000. Finally, Traub Capital Management LLC acquired a new position in shares of Mattel in the second quarter valued at $40,000. 97.15% of the stock is currently owned by institutional investors.

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.