Analysis of Mattel, Inc. (MAT)’s performance, earnings and valuation

Mattel, Inc. [MAT] stock prices are up 3.16% to $18.62 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MAT shares have gain 2.93% over the last week, with a monthly amount drifted -5.53%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Mattel, Inc. [NASDAQ: MAT] stock has seen the most recent analyst activity on February 05, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $19 from $24. Previously, Morgan Stanley downgraded its rating to Equal-Weight on January 17, 2024, and dropped its price target to $19. On January 04, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $20 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $26 on October 20, 2023. Morgan Stanley initiated its recommendation with a Overweight and recommended $27 as its price target on September 27, 2023. In a note dated January 03, 2023, Stifel reiterated an Buy rating on this stock and revised its target price from $29 to $26.

The stock price of Mattel, Inc. [MAT] has been fluctuating between $16.20 and $22.64 over the past year. Currently, Wall Street analysts expect the stock to reach $27.5 within the next 12 months. Mattel, Inc. [NASDAQ: MAT] shares were valued at $18.62 at the most recent close of the market. An investor can expect a potential return of 47.69% based on the average MAT price forecast.

Analyzing the MAT fundamentals

The Mattel, Inc. [NASDAQ:MAT] reported sales of 5.44B for trailing twelve months, representing a surge of 15.61% . Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.1 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.12.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.25 points at the first support level, and at 17.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.82, and for the 2nd resistance point, it is at 19.02.

Mattel, Inc. [MAT] reported earnings per share of $0.29 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.31/share, meaning a difference of $-0.02 and a surprise factor of -6.50%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $1.08 per share as compared to estimates of $0.86 per share, a difference of $0.22 representing a surprise of 25.60%.

Ratios To Look Out For

It’s worth pointing out that Mattel, Inc. [NASDAQ:MAT]’s Current Ratio is 2.33. Further, the Quick Ratio stands at 1.90, while the Cash Ratio is 0.94. Considering the valuation of this stock, the price to sales ratio is 1.21, the price to book ratio is 3.02 and price to earnings (TTM) ratio is 30.93.

Transactions by insiders

Recent insider trading involved BRADLEY RICHARD TODD, Director, that happened on Aug 09 ’23 when 12601.0 shares were sold. SVP & Corporate Controller, Hugh Yoon J. completed a deal on Aug 07 ’23 to sell 7608.0 shares. Meanwhile, EVP & Chief Supply Chain Offr Isaias Zanatta Roberto Jacobo sold 25000.0 shares on Aug 04 ’23.

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