Analysts Set Mattel, Inc. (NASDAQ:MAT) PT at $17.33

Mattel, Inc. (NASDAQ:MAT) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $17.3333.

MAT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Thursday, April 30th. Odeon Capital Group began coverage on Mattel in a report on Thursday, July 16th. They set a “buy” rating on the stock. Zacks Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Citigroup lowered their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Finally, The Goldman Sachs Group downgraded shares of Mattel from a “neutral” rating to a “sell” rating and dropped their target price for the company from $15.00 to $12.00 in a research report on Thursday, July 9th.

Mattel Stock Performance

Shares of Mattel stock opened at $14.14 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11. The business has a 50-day moving average price of $14.26 and a two-hundred day moving average price of $16.20. Mattel has a 1-year low of $12.73 and a 1-year high of $22.48. The company has a market cap of $4.11 billion, a P/E ratio of 8.95, a PEG ratio of 1.25 and a beta of 0.74.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.04. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The firm had revenue of $862.17 million during the quarter, compared to analyst estimates of $808.38 million. During the same period last year, the company posted ($0.03) EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, analysts anticipate that Mattel will post 1.35 EPS for the current year.

Institutional Investors Weigh In On Mattel

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in Mattel by 21.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,393,829 shares of the company’s stock valued at $23,458,000 after buying an additional 244,030 shares in the last quarter. K.J. Harrison & Partners Inc boosted its holdings in Mattel by 1,323.5% in the fourth quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company’s stock worth $4,801,000 after acquiring an additional 225,000 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Mattel by 203.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 810,970 shares of the company’s stock worth $16,252,000 after purchasing an additional 543,640 shares in the last quarter. AE Wealth Management LLC bought a new position in shares of Mattel in the 4th quarter worth $4,948,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Mattel in the 4th quarter valued at $3,406,000. 97.15% of the stock is owned by institutional investors.

Mattel Company Profile

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.