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

Shares of Mattel, Inc. (NASDAQ:MAT) have been given an average recommendation of “Hold” by the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $17.8889.

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Wells Fargo & Company dropped their price objective on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. UBS Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Mattel in a report on Thursday, March 5th. Wall Street Zen lowered shares of Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Weiss Ratings lowered shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th.

Mattel Trading Up 1.2%

MAT opened at $13.98 on Tuesday. The company’s 50 day moving average is $14.67 and its 200-day moving average is $16.97. Mattel has a 1-year low of $13.61 and a 1-year high of $22.48. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11. The company has a market cap of $4.06 billion, a P/E ratio of 8.85, a PEG ratio of 1.25 and a beta of 0.72.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The company had revenue of $862.17 million for the quarter, compared to the consensus estimate of $808.38 million. During the same period last year, the company posted ($0.03) EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities research analysts predict that Mattel will post 1.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MAT. Redwood Investment Management LLC increased its stake in shares of Mattel by 31.3% in the 1st quarter. Redwood Investment Management LLC now owns 72,448 shares of the company’s stock valued at $1,053,000 after acquiring an additional 17,268 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Mattel by 26.5% in the 1st quarter. Empowered Funds LLC now owns 37,708 shares of the company’s stock valued at $548,000 after acquiring an additional 7,893 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Mattel by 14.6% in the 1st quarter. Bank of America Corp DE now owns 1,914,866 shares of the company’s stock valued at $27,823,000 after acquiring an additional 244,094 shares in the last quarter. Seven Six Capital Management LLC bought a new stake in shares of Mattel in the 1st quarter valued at $2,110,000. Finally, Kentucky Retirement Systems bought a new stake in shares of Mattel in the 1st quarter valued at $406,000. Institutional investors 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.