DA Davidson Cuts Mattel (NASDAQ:MAT) Price Target to $25.00

Key Points

• DA Davidson cut Mattel's price target from $30.00 to $25.00 but maintains a "buy" rating, suggesting a potential upside of 35.44% from the previous close.
• Mattel reported quarterly earnings of $0.89 per share, missing the consensus estimate of $1.05, with revenue declining 5.9% compared to last year.
• Institutional investors own 97.15% of Mattel's stock, with notable increases in stakes observed among several hedge funds and investment firms in recent months.

Mattel (NASDAQ:MAT - Get Free Report) had its price target lowered by equities research analysts at DA Davidson from $30.00 to $25.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. DA Davidson's price objective would suggest a potential upside of 35.44% from the company's previous close.

Several other analysts have also recently weighed in on MAT. Roth Capital set a $22.00 price objective on Mattel and gave the company a "neutral" rating in a research report on Friday, July 11th. Wall Street Zen lowered shares of Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. raised their target price on shares of Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Mattel in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.50.

Mattel Trading Down 1.9%

Shares of Mattel stock traded down $0.36 during trading on Wednesday, reaching $18.46. 2,946,602 shares of the stock were exchanged, compared to its average volume of 3,985,326. Mattel has a 1 year low of $13.94 and a 1 year high of $22.07. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 2.33 and a beta of 0.68. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. The stock's fifty day moving average is $17.86 and its 200 day moving average is $17.98.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data 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 25.19% and a net margin of 9.87%.The business had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the business posted $1.14 EPS. The company's quarterly revenue was down 5.9% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, equities research analysts expect that Mattel will post 1.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont lifted its holdings in Mattel by 995.8% in the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock valued at $26,000 after acquiring an additional 1,195 shares during the period. Parallel Advisors LLC increased its position in shares of Mattel by 189.9% during the 2nd 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 last quarter. Traub Capital Management LLC bought a new position in shares of Mattel in the 2nd quarter worth approximately $40,000. IFP Advisors Inc boosted its holdings in shares of Mattel by 90.6% in the second quarter. IFP Advisors Inc now owns 2,215 shares of the company's stock worth $44,000 after buying an additional 1,053 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new stake in Mattel during the second quarter valued at approximately $55,000. Institutional investors own 97.15% of the company's stock.

About Mattel

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.