DA Davidson Has Negative Forecast for Mattel FY2025 Earnings

Mattel, Inc. (NASDAQ:MAT) – Analysts at DA Davidson cut their FY2025 earnings estimates for shares of Mattel in a research report issued on Thursday, October 24th. DA Davidson analyst L. Weiser now expects that the company will earn $1.52 per share for the year, down from their previous estimate of $1.58. DA Davidson has a “Buy” rating and a $27.00 price target on the stock. The consensus estimate for Mattel’s current full-year earnings is $1.44 per share.

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

Several other research firms have also recently weighed in on MAT. Morgan Stanley boosted their price target on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday. Bank of America lifted their price objective on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. StockNews.com lowered shares of Mattel from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Jefferies Financial Group boosted their price objective on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $23.75.

Mattel Stock Performance

MAT stock opened at $19.00 on Friday. The stock’s 50 day simple moving average is $18.97 and its 200 day simple moving average is $18.28. The company has a current ratio of 2.58, a quick ratio of 1.81 and a debt-to-equity ratio of 1.18. Mattel has a 12-month low of $15.87 and a 12-month high of $20.48. The stock has a market capitalization of $6.46 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 0.99 and a beta of 0.79.

Institutional Investors Weigh In On Mattel

A number of large investors have recently made changes to their positions in the company. UMB Bank n.a. grew its stake in shares of Mattel by 584.3% during the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after acquiring an additional 1,268 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Mattel during the 3rd quarter valued at approximately $29,000. GAMMA Investing LLC grew its stake 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 acquiring an additional 1,052 shares during the period. Blue Trust Inc. grew its stake in shares of 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 acquiring an additional 1,220 shares during the period. Finally, CWM LLC raised its position in shares of 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 purchasing an additional 1,097 shares during the period. 97.15% of the stock is currently owned by 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.