Mattel (NASDAQ:MAT) Given New $15.00 Price Target at Citigroup

Mattel (NASDAQ:MAT) had its price objective lowered by equities research analysts at Citigroup from $17.00 to $15.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup‘s target price indicates a potential downside of 2.28% from the stock’s previous close.

A number of other research firms have also commented on MAT. Seaport Research Partners upgraded shares of Mattel from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Monday, October 12th. The Goldman Sachs Group downgraded Mattel from a “neutral” rating to a “sell” rating and cut their target price for the stock from $15.00 to $12.00 in a research report on Thursday, July 9th. UBS Group restated a “buy” rating on shares of Mattel in a research report on Thursday, October 1st. Argus reaffirmed a “buy” rating and set a $22.00 price target on shares of Mattel in a research note on Tuesday, August 25th. Finally, Roth Capital lowered their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Mattel currently has an average rating of “Hold” and an average target price of $18.09.

Mattel Price Performance

MAT traded up $0.38 on Friday, reaching $15.35. The company had a trading volume of 10,069,113 shares, compared to its average volume of 5,208,882. The company has a market capitalization of $4.39 billion, a P/E ratio of 11.29, a PEG ratio of 1.65 and a beta of 0.59. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. The company has a fifty day moving average of $15.01 and a 200-day moving average of $15.41. Mattel has a one year low of $12.40 and a one year high of $22.48.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, November 5th. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.36. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Mattel had a net margin of 7.79% and a return on equity of 16.20%. Mattel’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. As a group, equities research analysts anticipate that Mattel will post 1.30 earnings per share for the current year.

Insiders Place Their Bets

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $15.02, for a total value of $587,026.66. Following the completion of the sale, the executive vice president directly owned 144,390 shares of the company’s stock, valued at approximately $2,168,737.80. This represents a 21.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Trading of Mattel

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. bought a new stake in Mattel during the third quarter worth approximately $5,224,000. AlphaCore Capital LLC acquired a new position in Mattel in the third quarter worth approximately $167,000. Fulcrum Asset Management LLP bought a new position in shares of Mattel in the third quarter valued at $114,000. Brighton Jones LLC increased its holdings in shares of Mattel by 17.3% in the third quarter. Brighton Jones LLC now owns 13,534 shares of the company’s stock valued at $171,000 after buying an additional 1,992 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Mattel by 5.8% in the third quarter. Pictet Asset Management Holding SA now owns 44,558 shares of the company’s stock valued at $564,000 after buying an additional 2,441 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel News Roundup

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Third-quarter EPS was $1.30, above the $0.94 consensus and up from $0.89 a year earlier. Sales rose 4.1% year over year, with growth in Vehicles and Games and higher gross margins. Zacks earnings coverage
• Positive Sentiment: Hot Wheels billings are nearing $2 billion, and Mattel is launching low-priced, small-scale Hot Wheels model kits. These initiatives may support the brand, though their financial impact is not yet clear. The Motley Fool article
• Neutral Sentiment: Mattel named Steve Totzke president and COO, while Roberto Stanichi is leaving to pursue another opportunity. The leadership change could affect execution, but its business impact remains uncertain. Mattel leadership announcement
• Negative Sentiment: Third-quarter revenue of $1.81 billion missed the $1.84 billion estimate. Mattel lowered its 2026 EPS guidance to $1.05–$1.20, below the $1.30 consensus, and revenue guidance to $5.4–$5.6 billion versus $5.7 billion expected. It also reduced its full-year sales-growth outlook to 1%–4%, raising concerns about demand heading into the holiday season. Reuters report on Mattel’s forecast
• Negative Sentiment: Tariff refunds contributed to stronger margins, so the earnings beat may overstate the strength of ongoing operations. The lowered outlook and sales miss are the clearest near-term headwinds for MAT. Barron’s analysis

Mattel Company Profile

Mattel, Inc is a global toy and entertainment company that designs, manufactures and markets a broad portfolio of toys, games and consumer products. Its best-known brands include Barbie, Hot Wheels, Fisher-Price, American Girl, Matchbox, UNO, Masters of the Universe and Thomas & Friends. Mattel also develops entertainment content and licenses its intellectual property for use in consumer products, digital experiences and other media.

Founded in 1945, Mattel has expanded from a U.S.