Mattel’s (MAT) Buy Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of Mattel (NASDAQ:MAT) in a report issued on Thursday morning, Benzinga reports. The brokerage currently has a $27.00 target price on the stock. DA Davidson also issued estimates for Mattel’s FY2025 earnings at $1.52 EPS.

MAT has been the topic of a number of other research reports. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Jefferies Financial Group lifted their price objective on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. boosted their target price on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Mattel presently has a consensus rating of “Hold” and an average price target of $23.75.

Mattel Trading Up 2.7 %

Shares of MAT stock traded up $0.51 on Thursday, hitting $19.08. 99,982 shares of the company’s stock traded hands, compared to its average volume of 3,131,491. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 1.25 and a beta of 0.79. The company’s fifty day simple moving average is $18.98 and its 200 day simple moving average is $18.28. Mattel has a one year low of $15.87 and a one year high of $20.48.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities analysts forecast that Mattel will post 1.43 EPS for the current year.

Institutional Investors Weigh In On Mattel

Hedge funds have recently made changes to their positions in the company. UMB Bank n.a. grew its position in Mattel by 584.3% in the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after acquiring an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Mattel in the 3rd quarter worth approximately $29,000. GAMMA Investing LLC increased its position in shares of Mattel by 108.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock valued at $33,000 after purchasing an additional 1,052 shares during the last quarter. Blue Trust Inc. raised its holdings in Mattel by 143.2% during the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after buying an additional 1,220 shares during the period. Finally, CWM LLC raised its holdings in Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after buying an additional 1,097 shares during the period. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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.