DA Davidson Raises Mattel (NASDAQ:MAT) Price Target to $27.00

Mattel (NASDAQ:MAT) had its price target increased by DA Davidson from $26.00 to $27.00 in a research report sent to investors on Wednesday, Benzinga reports. DA Davidson currently has a buy rating on the stock. DA Davidson also issued estimates for Mattel’s Q2 2024 earnings at $0.14 EPS, FY2024 earnings at $1.45 EPS and FY2025 earnings at $1.58 EPS.

A number of other equities analysts have also recently commented on MAT. Roth Capital cut Mattel from a buy rating to a neutral rating in a report on Thursday, January 4th. Roth Mkm reaffirmed a neutral rating and set a $20.00 target price (down from $24.00) on shares of Mattel in a research report on Thursday, January 4th. Jefferies Financial Group lifted their target price on Mattel from $19.00 to $20.00 and gave the company a hold rating in a research report on Friday, March 15th. StockNews.com raised Mattel from a hold rating to a buy rating in a research report on Monday, February 26th. Finally, TheStreet lowered Mattel from a b- rating to a c+ rating in a research report on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Mattel has a consensus rating of Moderate Buy and a consensus target price of $22.78.

Mattel Stock Down 0.6 %

Shares of MAT opened at $18.36 on Wednesday. The business’s 50 day moving average is $19.29 and its 200 day moving average is $19.07. The company has a market capitalization of $6.32 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.18 and a beta of 0.95. Mattel has a 12-month low of $16.20 and a 12-month high of $22.64. The company has a current ratio of 2.49, a quick ratio of 1.90 and a debt-to-equity ratio of 1.15.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The business had revenue of $809.50 million for the quarter, compared to the consensus estimate of $833.52 million. During the same quarter in the previous year, the company posted ($0.24) EPS. The company’s revenue was down .6% compared to the same quarter last year. Research analysts expect that Mattel will post 1.4 earnings per share for the current fiscal year.

Institutional Trading of Mattel

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Mattel by 0.4% in the third quarter. Vanguard Group Inc. now owns 34,317,700 shares of the company’s stock worth $756,019,000 after buying an additional 142,123 shares during the last quarter. Capital International Investors boosted its stake in shares of Mattel by 7.4% in the fourth quarter. Capital International Investors now owns 18,386,007 shares of the company’s stock worth $347,128,000 after buying an additional 1,272,018 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Mattel by 12.9% in the fourth quarter. Victory Capital Management Inc. now owns 7,541,422 shares of the company’s stock worth $142,382,000 after buying an additional 861,638 shares during the last quarter. HS Management Partners LLC boosted its stake in shares of Mattel by 21.5% in the fourth quarter. HS Management Partners LLC now owns 4,603,400 shares of the company’s stock worth $86,912,000 after buying an additional 813,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Mattel by 21.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,039,571 shares of the company’s stock worth $76,272,000 after purchasing an additional 716,558 shares in the last quarter. Hedge funds and other institutional investors 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.