Analysts Set Mattel, Inc. (NASDAQ:MAT) PT at $17.80

Mattel, Inc. (NASDAQ:MAT) has been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $17.80.

Several equities research analysts have commented on the stock. Odeon Capital Group started coverage on shares of Mattel in a report on Thursday, July 16th. They issued a “buy” rating on the stock. Argus reiterated a “buy” rating and set a $22.00 price objective on shares of Mattel in a research note on Tuesday, August 25th. Weiss Ratings cut Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Citigroup decreased their price objective on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, July 10th. Finally, Roth Capital lowered their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th.

Insider Transactions at Mattel

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $15.02, for a total value of $587,026.66. Following the completion of the transaction, the executive vice president directly owned 144,390 shares of the company’s stock, valued at approximately $2,168,737.80. The trade was a 21.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Mattel

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of Mattel by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company’s stock worth $1,688,000 after acquiring an additional 623 shares during the period. Sei Investments Co. boosted its stake in shares of Mattel by 1.7% during the 2nd quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock worth $902,000 after acquiring an additional 758 shares in the last quarter. Quinn Opportunity Partners LLC grew its position in shares of Mattel by 4.5% during the 4th quarter. Quinn Opportunity Partners LLC now owns 18,070 shares of the company’s stock valued at $359,000 after acquiring an additional 774 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Mattel by 6.7% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,397 shares of the company’s stock valued at $276,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Mattel by 107.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock worth $40,000 after purchasing an additional 1,048 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Performance

MAT opened at $14.14 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. Mattel has a 12-month low of $12.73 and a 12-month high of $22.48. The firm has a 50 day moving average of $14.44 and a two-hundred day moving average of $14.81. The firm has a market capitalization of $4.04 billion, a PE ratio of 10.40, a P/E/G ratio of 1.59 and a beta of 0.72.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mattel had a net margin of 7.79% and a return on equity of 16.20%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company earned $0.19 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, analysts anticipate that Mattel will post 1.32 EPS for the current year.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.