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

Mattel, Inc. (NASDAQ:MAT) has received a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $17.3333.

MAT has been the topic of several analyst reports. Wall Street Zen downgraded Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Odeon Capital Group assumed coverage on shares of Mattel in a research note on Thursday, July 16th. They issued a “buy” rating for the company. Citigroup reduced their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. JPMorgan Chase & Co. decreased their price objective on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Thursday, April 30th. Finally, Roth Capital cut their target price on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th.

Mattel Stock Performance

Mattel stock opened at $15.03 on Wednesday. Mattel has a 12-month low of $12.73 and a 12-month high of $22.48. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 1.26. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 1.44 and a beta of 0.72. The firm’s fifty day moving average price is $14.23 and its 200 day moving average price is $15.41.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mattel had a net margin of 7.79% and a return on equity of 16.20%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business earned $0.19 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, research analysts forecast that Mattel will post 1.32 EPS for the current fiscal year.

Institutional Trading of Mattel

Several institutional investors and hedge funds have recently bought and sold shares of MAT. Jupiter Topco LLC bought a new position in Mattel during the 2nd quarter worth approximately $1,660,000. III Capital Management bought a new stake in shares of Mattel in the 2nd quarter valued at approximately $1,834,000. Hsbc Holdings PLC bought a new stake in shares of Mattel in the 2nd quarter valued at approximately $365,000. Primecap Management Co. CA acquired a new stake in shares of Mattel during the 2nd quarter valued at approximately $409,540,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Mattel during the 2nd quarter valued at approximately $3,526,000. Institutional investors and hedge funds 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.