Analysts have shared a range of opinions on Mattel (NASDAQ: MAT) in the last month, offering a mix of positive, neutral, and slightly negative outlooks. During this time frame, there have been 3 positive ratings, 4 neutral ratings, and no negative ratings. The average 12-month price target for Mattel stands at $21.71, with a high estimate of $26.00 and a low estimate of $19.00. This average reflects a 6.94% decrease from the previous average price target of $23.33.
Recent analyst actions have resulted in changes to ratings and price targets for Mattel. Some notable adjustments include B of A Securities upgrading the rating to Buy with a $25.00 price target, DA Davidson also upgrading to Buy with a $26.00 price target, and JP Morgan both upgrading and downgrading to Neutral with varying price targets.
Analysts adjust their recommendations in response to market conditions and company performance, indicating their reactions to recent developments involving Mattel. These assessments offer a glimpse into how analysts view the current state of the company.
Date: March 8, 2024
Mattel Inc. (MAT) Stock Sees Positive Performance on March 8, 2024: A Sign of Growth in the Toy Industry
On March 8, 2024, Mattel Inc. (MAT) saw a slight increase in its stock performance. MAT opened at $19.71, which was $0.16 higher than its previous close. Throughout the trading day, the stock price continued to rise, closing at $19.87. This represented a 0.82% increase from the previous close, with the price of MAT shares increasing by $0.16. Investors may view this as a positive sign for Mattel Inc. The company has been working to improve its financial performance and strengthen its position in the competitive toy industry. Overall, the performance of MAT stock on March 8, 2024, reflects a positive trend for the company. Investors will be watching closely to see if Mattel Inc. can continue to build on this momentum and deliver strong results in the future.
Mattel Inc. (MAT) Reports Disappointing Financial Results on March 8, 2024
On March 8, 2024, investors in Mattel Inc. (MAT) may have been disappointed by the company’s latest financial results. According to data from CNN Money, the toy manufacturer reported total revenue of $5.44 billion for the past year, which remained flat compared to the previous year. However, total revenue decreased by 15.54% to $1.62 billion in the fourth quarter.
Similarly, Mattel’s net income also showed a downward trend. The company reported a net income of $214.30 million for the past year, representing a significant decrease of 45.6% compared to the previous year. In the fourth quarter, net income held flat at $147.30 million.
Earnings per share (EPS) also took a hit for Mattel. The company reported an EPS of $0.60 for the past year, reflecting a decrease of 45.23% compared to the previous year. In the fourth quarter, EPS held flat at $0.42.
These financial results may have had an impact on Mattel’s stock performance on March 8, 2024. Investors may have reacted negatively to the company’s declining revenue, net income, and EPS.
