Mattel, Inc. (NASDAQ:MAT) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Mattel, with three sell, five hold, five buy and one strong-buy recommendation. The average 12-month price target is $17.80, versus the stock’s recent price of $14.53.
• Recent analyst actions were mixed: Goldman Sachs downgraded Mattel to “sell” with a $12 target, while Argus maintained a “buy” rating with a $22 target; Roth Capital, Citigroup and Wall Street Zen issued neutral or hold views.
• Mattel’s latest quarterly revenue rose 10.5% year over year to $1.13 billion, exceeding estimates, but adjusted EPS of $0.01 missed expectations of $0.04. Institutional investors own approximately 97.15% of the company, while an executive recently sold 39,083 shares.

Shares of Mattel, Inc. (NASDAQ:MAT - Get Free Report) have been given an average rating of "Hold" by the fourteen brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $17.80.

A number of equities research analysts have commented on MAT shares. The Goldman Sachs Group lowered shares of Mattel from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $15.00 to $12.00 in a report on Thursday, July 9th. Argus reissued a "buy" rating and set a $22.00 price target on shares of Mattel in a research note on Tuesday, August 25th. Roth Capital lowered their price target on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, July 14th. Wall Street Zen downgraded Mattel from a "buy" rating to a "hold" rating in a report on Sunday, May 10th. Finally, Citigroup decreased their price objective on Mattel from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, July 10th.

Insiders Place Their Bets

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of the business's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $15.02, for a total transaction of $587,026.66. Following the completion of the sale, the executive vice president directly owned 144,390 shares of the company's stock, valued at approximately $2,168,737.80. The trade was a 21.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Mattel

Several institutional investors have recently modified their holdings of MAT. Sei Investments Co. raised its position in shares of Mattel by 107.3% during the 1st quarter. Sei Investments Co. now owns 2,159,405 shares of the company's stock valued at $31,376,000 after acquiring an additional 1,117,726 shares during the last quarter. BlackRock Inc. bought a new position in shares of Mattel in the 2nd quarter worth $363,273,000. Great Lakes Advisors LLC acquired a new stake in shares of Mattel during the second quarter worth $3,147,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Mattel by 514.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 644,268 shares of the company's stock worth $9,361,000 after purchasing an additional 539,373 shares during the period. Finally, Bank of America Corp DE increased its holdings in Mattel by 14.6% in the first quarter. Bank of America Corp DE now owns 1,914,866 shares of the company's stock valued at $27,823,000 after purchasing an additional 244,094 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Trading Up 1.6%

MAT stock opened at $14.53 on Friday. The business has a fifty day moving average price of $14.41 and a 200 day moving average price of $14.86. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 1.26. Mattel has a fifty-two week low of $12.73 and a fifty-two week high of $22.48. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 1.59 and a beta of 0.72.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. Mattel had a return on equity of 16.20% and a net margin of 7.79%.Mattel's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Analysts expect that Mattel will post 1.32 EPS for the current fiscal 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.

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