DA Davidson Has Positive Forecast for Mattel FY2025 Earnings

Key Points

• DA Davidson has increased its forecast for Mattel's FY2025 earnings per share (EPS) from $1.51 to $1.61, maintaining a "Buy" rating with a target price of $30.00.
• The consensus estimate for Mattel's current full-year earnings remains at $1.70 per share, with projections for FY2026 earnings at $1.84 EPS.
• Mattel's recent earnings report revealed a net margin of 9.87% and a return on equity of 25.19%, despite a revenue decline of 5.7% year-over-year.

Mattel, Inc. (NASDAQ:MAT - Free Report) - Investment analysts at DA Davidson upped their FY2025 EPS estimates for Mattel in a note issued to investors on Thursday, July 24th. DA Davidson analyst K. Cox now expects that the company will earn $1.61 per share for the year, up from their prior forecast of $1.51. DA Davidson currently has a "Buy" rating and a $30.00 target price on the stock. The consensus estimate for Mattel's current full-year earnings is $1.70 per share. DA Davidson also issued estimates for Mattel's FY2026 earnings at $1.84 EPS.

A number of other brokerages have also recently commented on MAT. JPMorgan Chase & Co. increased their target price on shares of Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday. Roth Capital set a $22.00 price objective on shares of Mattel and gave the company a "neutral" rating in a report on Friday, July 11th. Morgan Stanley upped their price objective on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Wall Street Zen lowered shares of Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, The Goldman Sachs Group dropped their price objective on shares of Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.38.

Mattel Price Performance

Shares of NASDAQ MAT opened at $17.43 on Monday. The firm has a 50-day simple moving average of $19.37 and a 200-day simple moving average of $18.88. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 2.14 and a beta of 0.66. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. Mattel has a 52 week low of $13.94 and a 52 week high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.09 billion. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The company's quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share.

Hedge Funds Weigh In On Mattel

A number of hedge funds have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Mattel by 7.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 20,795 shares of the company's stock valued at $410,000 after purchasing an additional 1,520 shares during the period. Galvin Gaustad & Stein LLC boosted its stake in shares of Mattel by 11.8% in the second quarter. Galvin Gaustad & Stein LLC now owns 667,160 shares of the company's stock valued at $13,156,000 after purchasing an additional 70,542 shares during the period. IFP Advisors Inc boosted its stake in shares of Mattel by 90.6% in 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. Callan Family Office LLC purchased a new position in shares of Mattel in the second quarter valued at approximately $449,000. Finally, 111 Capital boosted its stake in shares of Mattel by 22.2% in the second quarter. 111 Capital now owns 12,496 shares of the company's stock valued at $246,000 after purchasing an additional 2,268 shares during the period. Hedge funds and other 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.

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