JPMorgan Chase & Co. Cuts Mattel (NASDAQ:MAT) Price Target to $23.00

Mattel (NASDAQ:MAT) had its target price cut by JPMorgan Chase & Co. from $25.00 to $23.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also weighed in on MAT. Weiss Ratings restated a “hold (c)” rating on shares of Mattel in a report on Wednesday, October 8th. DA Davidson reduced their target price on Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. Roth Capital set a $20.00 target price on Mattel and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Finally, Cfra Research lowered Mattel from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.57.

Mattel Stock Down 1.0%

MAT opened at $19.03 on Monday. The business has a 50 day moving average price of $17.96 and a 200 day moving average price of $18.15. Mattel has a twelve month low of $13.94 and a twelve month high of $22.07. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.18 and a current ratio of 1.60. The firm has a market cap of $6.13 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 2.49 and a beta of 0.68.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, October 21st. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). Mattel had a return on equity of 20.60% and a net margin of 8.27%.The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $1.14 earnings per share. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Research analysts forecast that Mattel will post 1.7 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Trust Co. of Vermont increased its position in shares of Mattel by 995.8% during the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock valued at $26,000 after purchasing an additional 1,195 shares during the period. Parallel Advisors LLC increased its position in shares of Mattel by 189.9% during the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock valued at $32,000 after purchasing an additional 1,054 shares during the period. Traub Capital Management LLC bought a new stake in shares of Mattel during the second quarter valued at approximately $40,000. IFP Advisors Inc increased its position in shares of Mattel by 90.6% during the second quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock valued at $44,000 after purchasing an additional 1,053 shares during the period. Finally, Employees Retirement System of Texas bought a new stake in shares of Mattel during the second quarter valued at approximately $55,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.