Mattel (NASDAQ:MAT) Hits New 12-Month High – Here’s What Happened

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

Analysts Set New Price Targets

MAT has been the topic of several research analyst reports. Roth Capital set a $20.00 price objective on Mattel and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Cfra Research lowered shares of Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. UBS Group increased their price target on shares of Mattel from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Mattel in a research note on Wednesday, December 24th. Finally, DA Davidson cut their target price on shares of Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $23.50.

Mattel Stock Performance

The company has a quick ratio of 1.18, a current ratio of 1.60 and a debt-to-equity ratio of 0.77. The firm has a 50-day simple moving average of $19.98 and a 200 day simple moving average of $18.90. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 2.24 and a beta of 0.69.

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

Institutional Investors Weigh In On Mattel

Several hedge funds have recently made changes to their positions in MAT. Amundi acquired a new position in Mattel in the 1st quarter valued at about $2,994,000. Integrated Wealth Concepts LLC acquired a new position in shares of Mattel in the first quarter valued at approximately $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Mattel by 74.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock worth $67,000 after purchasing an additional 1,468 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Mattel by 50.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock worth $80,709,000 after purchasing an additional 1,393,000 shares during the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of Mattel during the first quarter worth $1,343,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.