Mattel (NASDAQ:MAT) Announces Earnings Results, Misses Expectations By $0.15 EPS

Mattel (NASDAQ:MAT) released its earnings results on Tuesday. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.15), FiscalAI reports. Mattel had a return on equity of 20.60% and a net margin of 8.27%.The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.85 billion.

Mattel Stock Performance

MAT traded down $0.48 on Tuesday, reaching $21.06. The stock had a trading volume of 11,352,910 shares, compared to its average volume of 3,132,427. The business’s 50-day moving average price is $20.75 and its two-hundred day moving average price is $19.12. The company has a market cap of $6.55 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 2.28 and a beta of 0.70. Mattel has a 12-month low of $13.94 and a 12-month high of $22.48. The company has a current ratio of 1.60, a quick ratio of 1.18 and a debt-to-equity ratio of 0.77.

Hedge Funds Weigh In On Mattel

A number of large investors have recently bought and sold shares of MAT. Danske Bank A S purchased a new stake in shares of Mattel in the third quarter valued at approximately $49,000. Hancock Whitney Corp increased its stake in shares of Mattel by 1.7% during the third quarter. Hancock Whitney Corp now owns 561,973 shares of the company’s stock worth $9,458,000 after purchasing an additional 9,509 shares in the last quarter. PharVision Advisers LLC acquired a new position in shares of Mattel during the 3rd quarter worth about $177,000. Dark Forest Capital Management LP raised its position in shares of Mattel by 338.1% during the 3rd quarter. Dark Forest Capital Management LP now owns 295,131 shares of the company’s stock worth $4,967,000 after purchasing an additional 227,767 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Mattel in the 3rd quarter valued at about $2,464,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MAT. DA Davidson dropped their price objective on Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. UBS Group upped 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, January 7th. Roth Mkm increased their target price on Mattel from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Morgan Stanley reissued a “positive” rating on shares of Mattel in a research report on Monday, February 2nd. Finally, Zacks Research lowered shares of Mattel from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $23.86.

Mattel Company Profile

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.