Mattel, Inc. (NASDAQ:MAT) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Mattel, Inc. (NASDAQ:MAT) has received a consensus rating of "Moderate Buy" from eight research firms, with three holding and five issuing buy recommendations.
• The average twelve-month price objective for Mattel's shares is currently set at $24.3750 according to recent brokerage updates.
• Mattel reported a $0.19 EPS for the last quarter, exceeding analysts' expectations but showed a revenue decline of 5.7% year-over-year.

Shares of Mattel, Inc. (NASDAQ:MAT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $24.3750.

Several research firms have recently weighed in on MAT. Wall Street Zen cut Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Roth Capital set a $22.00 price target on Mattel and gave the stock a "neutral" rating in a report on Friday, July 11th. DA Davidson restated a "buy" rating and set a $30.00 price target on shares of Mattel in a report on Thursday, May 15th. The Goldman Sachs Group cut their price objective on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Morgan Stanley lifted their price objective on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th.

Hedge Funds Weigh In On Mattel

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EdgePoint Investment Group Inc. lifted its holdings in shares of Mattel by 14.9% in the 4th quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company's stock worth $818,681,000 after purchasing an additional 5,984,400 shares in the last quarter. Ariel Investments LLC increased its position in shares of Mattel by 2.6% during the 2nd quarter. Ariel Investments LLC now owns 14,220,786 shares of the company's stock valued at $280,434,000 after purchasing an additional 362,671 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in shares of Mattel by 0.6% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 8,980,205 shares of the company's stock valued at $177,090,000 after purchasing an additional 55,916 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Mattel by 21.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company's stock valued at $157,179,000 after purchasing an additional 1,416,542 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Mattel by 386.2% during the 1st quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company's stock valued at $139,218,000 after purchasing an additional 5,767,170 shares during the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Up 1.4%

MAT opened at $18.53 on Wednesday. Mattel has a fifty-two week low of $13.94 and a fifty-two week high of $22.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.12 and a current ratio of 1.62. The company has a market capitalization of $5.97 billion, a P/E ratio of 11.95, a P/E/G ratio of 2.23 and a beta of 0.62. The stock has a fifty day moving average of $18.72 and a 200-day moving average of $18.72.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. Mattel had a return on equity of 25.19% and a net margin of 9.87%.The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter last year, the business earned $0.19 earnings per share. Mattel's revenue was down 5.7% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, equities analysts expect that Mattel will post 1.7 EPS for the current year.

Mattel Company Profile

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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