Brokerages Set Mattel, Inc. (NASDAQ:MAT) PT at $17.80

Shares of Mattel, Inc. (NASDAQ:MAT) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $17.80.

MAT has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. The Goldman Sachs Group lowered 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. Citigroup reduced their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, July 10th. Odeon Capital Group began coverage on Mattel in a research report on Thursday, July 16th. They set a “buy” rating for the company. Finally, Argus reissued a “buy” rating and set a $22.00 target price on shares of Mattel in a research report on Tuesday, August 25th.

Mattel Stock Up 0.4%

Shares of NASDAQ:MAT opened at $13.81 on Friday. The stock’s fifty day simple moving average is $14.45 and its 200-day simple moving average is $14.75. Mattel has a 52-week low of $12.73 and a 52-week high of $22.48. The company has a market capitalization of $3.95 billion, a P/E ratio of 10.15, a P/E/G ratio of 1.51 and a beta of 0.72. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a return on equity of 16.20% and a net margin of 7.79%.The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, equities research analysts forecast that Mattel will post 1.31 earnings per share for the current fiscal year.

Insider Transactions at Mattel

In other news, EVP Roberto Isaias sold 39,083 shares of the stock in a transaction on 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 owned 144,390 shares of the company’s stock, valued at $2,168,737.80. This represents a 21.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mattel

Hedge funds and other institutional investors have recently made changes to their positions in the business. SJS Investment Consulting Inc. grew its stake in shares of Mattel by 2,959.6% in the first quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock valued at $25,000 after buying an additional 1,687 shares in the last quarter. Quarry LP acquired a new position in Mattel during the 3rd quarter worth approximately $28,000. Los Angeles Capital Management LLC acquired a new position in Mattel during the 4th quarter worth approximately $31,000. Atlas Capital Advisors Inc. purchased a new position in Mattel in the 4th quarter worth approximately $36,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Mattel in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.