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

Key Points

• Mattel, Inc. has received a consensus rating of "Moderate Buy" from analysts, with five analysts rating the stock as a buy and four as a hold.
• The company's stock price objective has been lifted by JPMorgan Chase & Co. from $23.00 to $25.00, reflecting growing confidence from brokerages.
• Mattel reported $0.19 EPS in its latest quarterly earnings, surpassing expectations of $0.16 EPS, although its revenue decreased by 5.7% year-over-year.

Mattel, Inc. (NASDAQ:MAT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $24.3750.

Several brokerages recently issued reports on MAT. JPMorgan Chase & Co. lifted their price objective on Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen downgraded Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. 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. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Mattel in a research report on Wednesday, October 8th.

Mattel Trading Up 0.3%

Shares of MAT stock opened at $17.86 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. The business's 50 day moving average is $17.78 and its two-hundred day moving average is $17.98. The company has a market capitalization of $5.75 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 2.26 and a beta of 0.68. Mattel has a twelve month low of $13.94 and a twelve month high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate 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 return on equity of 25.19% and a net margin of 9.87%.The company's quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Equities analysts forecast that Mattel will post 1.7 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Trust Co. of Vermont raised its stake in Mattel by 995.8% during the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock valued at $26,000 after buying an additional 1,195 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Mattel by 189.9% during the second 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 Mattel in the 2nd quarter worth approximately $40,000. IFP Advisors Inc grew its holdings in Mattel by 90.6% in the 2nd quarter. IFP Advisors Inc now owns 2,215 shares of the company's stock worth $44,000 after buying an additional 1,053 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in Mattel by 52.9% in the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock worth $54,000 after buying an additional 962 shares in the last quarter. Institutional investors and hedge funds 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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