Mattel, Inc. (NASDAQ:MAT) Receives $18.22 Average Target Price from Brokerages

Shares of Mattel, Inc. (NASDAQ:MAT) have received an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $18.2222.

Several brokerages recently weighed in on MAT. Roth Mkm set a $16.00 target price on Mattel in a report on Wednesday, February 11th. Jefferies Financial Group restated a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. Morgan Stanley set a $18.00 price target on Mattel in a research report on Wednesday, February 11th. Wells Fargo & Company dropped their price objective on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. dropped their price objective on Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Thursday, April 30th.

Institutional Investors Weigh In On Mattel

Several institutional investors and hedge funds have recently bought and sold shares of MAT. Cornerstone Planning Group LLC lifted its holdings in Mattel by 537.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock worth $25,000 after buying an additional 1,140 shares during the period. SJS Investment Consulting Inc. raised its position in shares of Mattel by 2,959.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock worth $25,000 after acquiring an additional 1,687 shares in the last quarter. Quarry LP bought a new position in shares of Mattel in the 3rd quarter worth approximately $28,000. Los Angeles Capital Management LLC bought a new position in shares of Mattel in the 4th quarter worth approximately $31,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Mattel in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Trading Down 1.0%

Shares of MAT stock opened at $14.20 on Friday. The stock has a market capitalization of $4.13 billion, a PE ratio of 8.99, a P/E/G ratio of 1.29 and a beta of 0.72. Mattel has a 1-year low of $14.03 and a 1-year high of $22.48. The business has a 50-day moving average of $14.78 and a 200 day moving average of $17.63. 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 (NASDAQ:MAT) last issued its earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.04. The company had revenue of $862.17 million during the quarter, compared to analysts’ expectations of $808.38 million. Mattel had a return on equity of 18.67% and a net margin of 9.27%.Mattel’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.03) EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, sell-side analysts anticipate that Mattel will post 1.31 earnings per share for the current year.

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.