Mattel's (MAT) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Mattel's stock received a "hold (c)" rating from Weiss Ratings, reflecting a cautious stance among analysts regarding its performance.
• Analysts from various firms have set price targets for Mattel, with projections ranging from $22.00 to $25.00, indicating a consensus target price of $24.38.
• In its most recent quarterly earnings report, Mattel posted earnings per share of $0.19, surpassing expectations, but experienced a revenue decline of 5.7% compared to the prior year.

Mattel (NASDAQ:MAT - Get Free Report)'s stock had its "hold (c)" rating reiterated by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the stock. Roth Capital set a $22.00 price target on shares of Mattel and gave the stock a "neutral" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. raised their price target on shares of Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Citigroup raised their price objective on shares of Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Finally, Wall Street Zen cut shares of Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.38.

Mattel Stock Performance

MAT opened at $18.41 on Wednesday. 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 company has a market cap of $5.93 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 2.27 and a beta of 0.68. Mattel has a 52-week low of $13.94 and a 52-week high of $22.07. The firm's fifty day simple moving average is $17.72 and its two-hundred day simple moving average is $18.05.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.09 billion. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The company's revenue was down 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Equities analysts anticipate that Mattel will post 1.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mattel

A number of institutional investors have recently made changes to their positions in the stock. EdgePoint Investment Group Inc. increased its position in shares of Mattel by 12.9% during the second quarter. EdgePoint Investment Group Inc. now owns 40,823,584 shares of the company's stock valued at $805,041,000 after acquiring an additional 4,665,541 shares during the last quarter. Ariel Investments LLC increased its position in shares of Mattel by 2.6% during the second quarter. Ariel Investments LLC now owns 14,220,786 shares of the company's stock valued at $280,434,000 after acquiring 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 second quarter. Frontier Capital Management Co. LLC now owns 8,980,205 shares of the company's stock valued at $177,090,000 after acquiring 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 first quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company's stock valued at $157,179,000 after acquiring 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 first quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company's stock valued at $139,218,000 after acquiring an additional 5,767,170 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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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