Mattel, Inc. (NASDAQ:MAT) Given Average Recommendation of “Hold” by Brokerages

Shares of Mattel, Inc. (NASDAQ:MAT) have been given an average recommendation of “Hold” by the fourteen ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $17.3333.

MAT has been the subject of a number of recent research reports. The Goldman Sachs Group downgraded shares of Mattel from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $15.00 to $12.00 in a research note on Thursday, July 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mattel in a research report on Thursday, July 2nd. Zacks Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Roth Capital decreased their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th.

Mattel Trading Up 1.4%

MAT opened at $14.40 on Friday. The business has a fifty day moving average price of $14.23 and a 200 day moving average price of $16.12. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50. Mattel has a 12 month low of $12.73 and a 12 month high of $22.48. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 1.25 and a beta of 0.74.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in shares of Mattel by 21.2% during the third quarter. JPMorgan Chase & Co. now owns 1,393,829 shares of the company’s stock worth $23,458,000 after acquiring an additional 244,030 shares during the last quarter. K.J. Harrison & Partners Inc raised its position in Mattel by 1,323.5% in the 4th quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company’s stock valued at $4,801,000 after purchasing an additional 225,000 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Mattel by 203.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 810,970 shares of the company’s stock valued at $16,252,000 after purchasing an additional 543,640 shares during the last quarter. AE Wealth Management LLC acquired a new stake in Mattel during the 4th quarter worth $4,948,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Mattel during the 4th quarter worth $3,406,000. 97.15% of the stock is owned by institutional investors and hedge funds.

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.