Mattel (NASDAQ:MAT) Hits New 52-Week High – Should You Buy?

Mattel, Inc. (NASDAQ:MAT)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $22.24 and last traded at $22.22, with a volume of 1539030 shares trading hands. The stock had previously closed at $21.63.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MAT shares. Roth Capital set a $20.00 price objective on shares of Mattel and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Mattel in a research note on Wednesday, December 24th. Seaport Res Ptn raised shares of Mattel to a “hold” rating in a research note on Monday, November 10th. Cfra Research lowered Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. reduced their target price on Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $23.50.

Mattel Stock Performance

The firm’s 50 day moving average price is $19.98 and its two-hundred day moving average price is $18.90. The firm has a market cap of $6.89 billion, a PE ratio of 16.57, a PEG ratio of 2.24 and a beta of 0.69. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.18 and a current ratio of 1.60.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, October 21st. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.16). The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Mattel had a net margin of 8.27% and a return on equity of 20.60%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, research analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current year.

Institutional Trading of Mattel

Several institutional investors and hedge funds have recently bought and sold shares of MAT. EdgePoint Investment Group Inc. boosted its stake in Mattel by 12.9% during the second quarter. EdgePoint Investment Group Inc. now owns 40,823,584 shares of the company’s stock worth $805,041,000 after buying an additional 4,665,541 shares during the period. Mane Global Capital Management LP acquired a new position in shares of Mattel in the 2nd quarter worth approximately $56,619,000. Norges Bank purchased a new position in shares of Mattel during the 2nd quarter worth approximately $55,651,000. Simcoe Capital Management LLC acquired a new stake in Mattel in the 3rd quarter valued at approximately $39,044,000. Finally, BNP Paribas Financial Markets raised its position in Mattel by 4,633.8% in the third quarter. BNP Paribas Financial Markets now owns 1,581,292 shares of the company’s stock valued at $26,613,000 after purchasing an additional 1,547,888 shares during the period. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Company Profile

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.