Brokerages Set Mattel, Inc. (NASDAQ:MAT) Target Price at $22.57

Shares of Mattel, Inc. (NASDAQ:MAT) have been assigned an average rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $22.5714.

A number of equities analysts recently commented on the stock. Roth Capital set a $20.00 target price on shares of Mattel and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their price target on Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, October 27th. DA Davidson lowered their price objective on Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Seaport Res Ptn upgraded Mattel to a “hold” rating in a report on Monday, November 10th. Finally, Cfra Research lowered Mattel from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 22nd.

Mattel Stock Performance

Shares of Mattel stock opened at $21.15 on Friday. The business has a 50-day simple moving average of $18.94 and a 200-day simple moving average of $18.69. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.18 and a current ratio of 1.60. Mattel has a one year low of $13.94 and a one year high of $22.07. The company has a market cap of $6.57 billion, a PE ratio of 15.78, a P/E/G ratio of 2.47 and a beta of 0.70.

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

Institutional Trading of Mattel

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its position in shares of Mattel by 386.2% in the 1st quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company’s stock valued at $139,218,000 after buying an additional 5,767,170 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Mattel by 247.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company’s stock worth $129,240,000 after purchasing an additional 4,737,199 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in shares of Mattel by 12.9% during the second quarter. EdgePoint Investment Group Inc. now owns 40,823,584 shares of the company’s stock worth $805,041,000 after purchasing an additional 4,665,541 shares during the period. Mane Global Capital Management LP purchased a new position in Mattel in the 2nd quarter valued at $56,619,000. Finally, Norges Bank acquired a new position in Mattel in the 2nd quarter valued at $55,651,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Company Profile

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.