Mattel (NASDAQ:MAT) Stock, Quote.Headers.trade-ideas

Mattel

Mattel manufactures and markets toy products that are sold to its wholesale customers and direct to retail consumers. The company offers products for children and families, including toys for infants and preschoolers, girls and boys, youth electronics, hand-held and other games, puzzles, educational toys, media-driven products, and plush and fashion-related toys. Mattel's owned portfolio includes Barbie, Hot Wheels, Fisher-Price, Thomas & Friends, and American Girl. In addition, it currently manufactures toy products for its segments both internally and externally (through manufacturing partners). More than 50% of its net sales are generated from North America, with the remainder stemming from international markets.

US CHINA Photo by Khanthachai C on Shutterstock

Analyst Color

Asia

Government

Regulations

Politics

Global

Analyst Ratings

COST

President-elect Donald Trump has proposed implementing significant tariffs, including 25% on imports from Mexico and Canada, and an additional 10% on goods from China.

Trump&#39;s Tariff Plan Targets Imports: Electronics, Retail Stocks At Risk

christmas-shopping-3823673_1280

Large Cap

News

Movers

General

GOOG

GOOGL

Sony Group Corporation American Depositary Shares

SONY

Google has released its Holiday 100 annual list of curated gift ideas based on Google search trends data and Google&#39;s Shopping graph dataset of 45 billion product listings.

Google&#39;s &#39;Holiday 100&#39; Trending Gift List Features Sony, e.l.f. Beauty, Nike

Wicked Part One

Entertainment

CMCSA

Parents who bought &#34;Wicked&#34; dolls will want to check the boxes before handing them out to their children.

&#39;Wicked&#39; Mistake For Toy Company Mattel: Why Parents Will Want To Check These Movie Dolls Before Buying

Mattel Inc

BLOCKMATE VENTURES INC by Blockmate Ventures Inc.

Blockmate Ventures Inc

Metalpha Technology Holding Limited - Ordinary Shares

Metalpha Technology Holding Ltd

MathChain - United States dollar

Polygon - United States dollar

MATSA RESOURCES LTD by MATSA RESOURCES LTD.

AntiMatter Governance Token

Mativ Holdings Inc

Matthews International Corporation - Class A Common Stock

Matthews International Corp

Matson Inc

MATSUYA FOODS CO LTD by MATSUYA FOODS CO LTD.

Matsuya Foods Holdings Co Ltd

WIIM

Mattel shares are trading higher. The company participated in the Morgan Stanley Global Consumer & Retail Conference and reportedly noted Black Friday strength.

- Morgan Stanley Consumer And Retail Conf

Mattel Exec Says Company Had A Strong Black Friday, Expect To Grow In Q4

President-elect Donald Trump has proposed <a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">implementing significant tariffs</a>, including 25% on imports from Mexico and Canada, and an additional 10% on goods from China.
For investors, this could mean a return to the trade-war trenches of 2019, but this time, the stakes are higher and the economic backdrop shakier.
JPMorgan analyst Christopher Horvers is sounding the alarm, pointing out that the tariff squeeze might be harder to absorb now than during the first tariff spat. With inflation already a sore spot for consumers, the retail and manufacturing sectors could find themselves in a pricing power pickle.
Here's where the pressure is highest and how it could influence stock movements.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42202496/goldman-sachs-expects-major-selloffs-in-canadian-dollar-mexican-peso-says-trump-tariffs-threaten-usmca-agreement">Goldman Sachs Expects Major Selloffs In Canadian Dollar, Mexican Peso, Says Trump Tariffs Threaten USMCA Agreement</a>
<h2 class="wp-block-heading">Electronics, Toys, Furnishings: Tariff Trouble Zones</h2>
The &#8220;Made in China&#8221; label isn&#8217;t just a tagline; it's a linchpin for sectors like electronics, toys, and home furnishings. According to Horvers, consumer electronics, with names like Best Buy Co Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NASDAQ">BBY</a>) sourcing as much as 60% from China, are sitting ducks. Similarly, the toy giants Hasbro Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) and Mattel Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) have 50% of U.S. revenues tied to China-made goods. 
Retailers like Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), who dominate 40% of the U.S. toy market, could pass price hikes to consumers, but only up to a certain limit.
Meanwhile, home furnishings players like RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) and Williams-Sonoma Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>), already battling tighter margins, could see additional pain. 
In fragmented industries like these, pricing power is weak, and any added costs could disrupt consumer demand or erode profits.
<h2 class="wp-block-heading">Autoparts: High Import, But Stronger Shields</h2>
Auto parts, with high import exposure (e.g., 45% for AutoZone Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azo#NYSE">AZO</a>)), might appear vulnerable. However, Horvers suggests this sector wields strong pricing power, which should buffer against margin compression. 
Unlike toys or electronics, auto parts are essential purchases—there's no skipping that brake replacement or battery swap.
<h2 class="wp-block-heading">Grocery Stores: Low Risk, High Resilience</h2>
The grocery sector seems to have drawn the long straw. With low import exposure and robust pricing power, players like BJ's Wholesale Club Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) and Costco Wholesale Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) are largely insulated. Their domestic sourcing and needs-based demand make this category a tariff-resistant fortress, according to the analyst.
<h2 class="wp-block-heading">2024 Vs. 2019: Less Pricing Power, More Shared Pain</h2>
The tariffs of 2019 were painful but manageable. This time around, Horvers warns, things could be different. Consumers have already endured price hikes on essentials since 2020, leaving retailers and manufacturers with less room to maneuver. Big-ticket discretionary items, such as appliances or furniture, might see a sharper dip in unit sales as buyers balk at higher price tags.
Adding to the complexity, tariffs this time appear more politically charged. Horvers believes imposing significant consumer-facing price shocks could backfire, especially with inflation shaping voter sentiment. This was evident in 2019 when tariffs on consumer goods were retracted to avoid such fallout.
<h2 class="wp-block-heading">What Investors Should Watch</h2>
If tariffs take hold, shared pain across manufacturers, retailers, and consumers will be the name of the game. 
Investors should monitor pricing strategies, margin resilience, and unit sales in the affected sectors. Stocks with diversified sourcing, strong pricing power, or essential demand are better positioned to weather the storm.
Trump's tariff 2.0 might be a high-stakes negotiation tactic, but for stocks exposed to discretionary imports, it's a risk that can't be ignored. 
As trade tensions escalate, investors are questioning not only who bears the cost of tariffs but also how long consumers can endure higher prices before they stop spending altogether.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/24/11/42058282/trumps-tariffs-could-have-severe-consequences-for-us-defense-sector-beijing-adviser-warns">Trump&#8217;s Tariffs Could Have &#8216;Severe Consequences&#8217; For US Defense Sector, Beijing Adviser Warns</a></li>
</ul>
Photo by Khanthachai C on Shutterstock

Trump's Tariff Plan Targets Imports: Electronics, Retail Stocks At Risk

Mattel's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NYSE">MAT</a>) short percent of float has risen 15.52% since its last report. The company recently reported that it has 13.97 million shares sold short, which is 6.55% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.32 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Mattel Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732555810_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Mattel has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Mattel's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Mattel's peer group average for short interest as a percentage of float is 7.63%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

(MAT) - Analyzing Mattel's Short Interest

Alphabet, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google released its Holiday 100 annual list of curated gift ideas based on Google search trends data and Google's Shopping graph dataset of 45 billion product listings.
Here's a look at some of the product searches <a href="https://www.benzinga.com/general/gaming/24/11/41952020/76-of-children-plan-to-ask-for-video-games-this-christmas-survey-shows">trending this holiday season.&nbsp;</a>
The Details: All of <a href="https://blog.google/products/shopping/holiday-100-this-years-trending-gifts/">the featured </a>Google Trends in the Holiday 100 meet one or more of the following criteria for 2024: search interest that hit an all-time high, breakout search interest, trending or top search interest, dramatically higher search interest compared to pre-COVID-19 pandemic norms or noteworthy regional differences in U.S. search interest.
Google said the data was measured and validated from May through September 2024 using the Google Trends Explore tool and Google's proprietary internal tools.&nbsp;
Read Next: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a>
Beauty: e.l.f. Beauty, Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) e.l.f. Halo Glow Liquid Filter is a featured product in the Beauty category as searches for the term "e.l.f. filter" were up 5,000% during the year. Estee Lauder Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) is also on the Holiday 100 as "Estee Lauder night serum" searches went up 130% in 2024. Google highlighted a surge in interest in &#8220;unisex fragrances&#8221; with searches up by 130%.
Toys &amp; Games: Google highlighted Mattel, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) Barbie brand in the Toys and Games category saying that searches for "Barbie Dreamhouse" spike every holiday season. The Playstation Portal from Sony Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) may also be a hot toy this year as Google reports searches for "ps portal" grew 50% this year.&nbsp;
Apparel/Shoes: Nike, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) could see a bump in sales this holiday season with Google highlighting the athletic brand in the Apparel category. Searches for "tennis skirt" and "Nike Motiva" both hit all-time highs in 2024. The Holiday 100 list also features searches for "ballet flats" which climbed by 84% in 2024.&nbsp;
Why It Matters: Brands and retailers offering the products featured in Google's Holiday 100 gift guide could see a lift in sales during the 2024 holiday season resulting from the increased consumer interest indicated by Google Trends search data. Investors will get a look at the holiday season's sales and revenue when the companies report next quarter's results in early 2025.&nbsp;
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">Trump&#8217;s Potential &#8216;Health Czar&#8217; Robert F. Kennedy Jr. Rattles Vaccine Stocks: &#8216;Shoot First Reaction&#8217;</a></li>
</ul>
Photo: Jill Wellington from Pixabay

Google's 'Holiday 100' Trending Gift List Features Sony, e.l.f. Beauty, Nike

Mattel Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NYSE">MAT</a>) can add an unfortunate website error on the boxes of its "Wicked" dolls to the list of <a href="https://www.benzinga.com/topic/toys">recent negative news</a>. 
What Happened: In addition to the toy company <a href="https://www.benzinga.com/news/24/11/41737933/trump-tariff-proposed-may-cost-americans-78b-in-spending-study">worrying about higher tariffs </a>under President-elect Donald Trump and a<a href="https://www.benzinga.com/news/earnings/24/10/41502607/mattel-reports-mixed-q3-results-eps-beat-revenue-miss"> third-quarter revenue miss</a>, its packages of &#8220;Wicked&#8221; dolls have to be recalled.
Mattel recently released "Wicked" dolls resembling the characters played by Cynthia Erivo and Ariana Grande in the upcoming film, which is <a href="https://www.benzinga.com/general/entertainment/24/07/39621420/wicked-gladiator-2-same-day-release-has-industry-vying-for-another-box-office-power-duo-bar">set for a Nov. 22 release.</a>
Due to an unfortunate error, the boxes of these dolls featured the wrong website. Following the link would send people to an adult entertainment website instead of the appropriate website for the "Wicked" movie, as reported by <a href="https://deadline.com/2024/11/mattel-wicked-movie-dolls-porn-site-error-1236172179/">Deadline</a>.
"Mattel was made aware of a misprint on the packaging of the Mattel Wicked collection dolls, primarily sold in the U.S., which intended to direct consumers to the official WickedMovie.com landing page," Mattel said in a statement shared by Deadline. "We deeply regret this unfortunate error and are taking immediate action to remedy this."
Mattel said parents who bought the dolls should "discard the product packaging or obscure the link." Parents are told they should contact Mattel Customer for more information.
Users on social media pointed out the error, which linked to the movie website associated with Wicked Pictures, an adult film company founded in 1993. Wicked coincidentally became one of the storylines in Donald Trump's hush money trial. The company hosted a celebrity golf tournament where Trump previously met adult actress Stormy Daniels.
While Mattel is likely to send out new versions of the dolls with the corrected website, boxes that have not been discarded have already found their way onto auction site eBay.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41527930/toying-with-expectations-mattels-q3-miss-leads-to-price-target-tweaks">Toying With Expectations: Mattel&#8217;s Q3 Miss Leads To Price Target Tweaks</a>
Why It Matters: For Mattel, the timing could be bad for the negative news surrounding the company's dolls which are aimed at children and had the rather unfortunate error.
Toy companies could suffer<a href="https://www.benzinga.com/news/24/11/41737933/trump-tariff-proposed-may-cost-americans-78b-in-spending-study"> from higher tariffs</a> with Trump taking over the White House in 2025. The big question will be if Mattel passes the higher costs onto consumers or takes a hit on margins.
<a href="https://www.benzinga.com/general/politics/24/10/41606114/10-s-p-500-stocks-were-worst-performers-in-first-year-of-trumps-presidency-will-they-sink-again">Benzinga recently shared</a> that Mattel was one of the worst-performing S&amp;P 500 stocks during Trump's first year in office back in 2017. The stock was down 44% on the year.
Mattel's recently reported third quarter saw the company miss revenue estimates from analysts while beating earnings per share. Analysts cut price targets after the report.
While Mattel could suffer a negative fate from "Wicked," movie studio Universal Pictures hoping for a brighter future.
"Wicked" releases in theaters on Nov. 22 and has seen strong pre-sale ticket sales and has high expectations. An <a href="https://www.boxofficepro.com/long-range-forecast-universal-promises-a-wicked-thanksgiving-box-office/">estimate </a>from Boxoffice Pro says the movie could open to $100 million to $125 million domestically. This would be one of the higher opening weekend for the year.
The upcoming film is the first of two parts to the "Wicked" story.
Universal&#8217;s parent company, Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), currently has three of the top 10 grossing movies <a href="https://www.boxofficemojo.com/year/2024/?ref_=bo_yl_table_1">domestically </a>in 2024. They include "Despicable Me 4," "Twisters" and "Kung Fu Panda 4" ranking third, sixth and eighth respectively. A strong open from "Wicked" could give the studio another top 10 hit for the year.
Price Action: Mattel stock trades at $19.63 versus a 52-week trading range of $15.87 to $20.60. Mattel stock is up 4.6% year-to-date in 2024.
Comcast stock trades at $44.24 versus a 52-week trading range of $36.43 to $47.11. Comcast stock is up 1.3% year-to-date in 2024. &nbsp;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41488933/starbucks-halloween-themed-wicked-drinks-hit-stores-alongside-new-movie-merch-amid-weak-q4-preli">Starbucks Halloween-Themed &#8216;Wicked&#8217; Drinks Hit Stores Alongside New Movie Merch Amid Weak Q4 Prelim Results</a></li>
</ul>
Image: Wicked Trailer

'Wicked' Mistake For Toy Company Mattel: Why Parents Will Want To Check These Movie Dolls Before Buying

Mattel's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NYSE">MAT</a>) short percent of float has risen 7.18% since its last report. The company recently reported that it has 12.27 million shares sold short, which is 5.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.06 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Mattel Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730909731_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Mattel has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Mattel's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Mattel's peer group average for short interest as a percentage of float is 7.38%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Former President Donald Trump's four years in the White House offer insights into which stocks and sectors might benefit or suffer if he secures a second term <a href="https://www.benzinga.com/topic/2024-election">in the 2024 election.</a>
Here's a look back at the worst-performing stocks in 2017, Trump's first year in the White House.
Worst Performing 2017 Stocks: The stock markets saw <a href="https://www.benzinga.com/markets/futures/18/01/11066769/the-stock-markets-rally-under-trump-among-the-best-ever-heres-how-his">impressive gains in 2017</a>, which were among the best ever for a president's first year in the White House.
The S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), gained 21.7% in 2017, an impressive gain compared to the 12.0% increase in 2016. Presidential election years have historically outperformed other years.
While many stocks in the S&amp;P 500 were up in 2017, there were also plenty of names that finished the year in the red. Here's a look back at the 10 worst-performing stocks in the S&amp;P 500 from 2017, as reported previously by Marketwatch.
<ol>
<li>Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>): -51%, energy</li>
<li>Range Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>): -50%, energy</li>
<li>Under Armour (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>): -50%, consumer discretionary</li>
<li>Scana Corp: -46%, utilities</li>
<li>Envision Healthcare Corp: -45%, health care</li>
<li>General Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>): -45%, industrials</li>
<li>Mattel Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>): -44%, consumer discretionary</li>
<li>Chesapeake Energy Corp (NASDSAQ:EXE): -44%, energy</li>
<li>Advance Auto Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>): -41%, consumer discretionary</li>
<li>Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>): -40%, consumer discretionary</li>
</ol>
It's important to note that some of the companies have undergone some changes since this old list. 
<ul>
<li>Baker Hughes previously traded as BHGE and was merged with the oil and gas division of General Electric. </li>
<li>Scana Corp was acquired by Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) in 2019. </li>
<li>Envision Healthcare underwent Chapter 11 bankruptcy and now is two separate privately owned companies. </li>
<li>Chesapeake Energy changed its name to Expand Energy after merging with Southwestern Energy. The company also underwent bankruptcy protection in 2020, emerging successfully from the protection in 2021.</li>
</ul>
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent102924">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The list of the top 10 worst performers in 2017 overlaps with the <a href="https://www.benzinga.com/general/politics/24/10/41584466/these-10-stocks-were-the-best-s-p-500-performers-in-2017-when-trump-was-president-will-history-r">best performing stocks </a>that Benzinga recently shared.
Stocks in utilities, health care, industrials, and consumer discretionary appeared on both the best and worst performer lists. Top-performing stocks included technology and homebuilders, with no overlap among the worst performers.
Energy is likely a potential big loser based on the trends above if Trump wins the 2024 election. What likely happened in 2017 that could happen again is a run-up in stocks during the election year and then a potential selloff in the year after as investors take profits.
While some believe that energy stocks could be winners under Trump, past results could suggest otherwise. A president who supports more drilling and has different foreign policies could also impact the price of oil barrels and lower energy companies&#8217; profits.
With less than two weeks until the 2024 election, investors are likely positioning their portfolio based on a Trump or Kamala Harris victory in some regards. With a close election predicted, investors may want to look to sectors that could benefit under either candidate.
Freedom Capital Markets Chief Global Strategist Jay Woods previously<a href="https://www.benzinga.com/etfs/sector-etfs/24/08/40515453/exclusive-trump-or-harris-12-stocks-2-etfs-could-win-no-matter-whos-president-says-market-strate"> shared some sectors </a>and stocks to watch with Benzinga that could benefit regardless of whether Trump or Harris wins the 2024 election.
Woods named defense stocks and cybersecurity stocks as two of the top sectors to watch ahead of the 2024 election.
"I think you've got to watch this sector closely," Woods said of the defense sector.
Woods said defense stocks could continue to benefit from geopolitical concerns and the world&#8217;s many negative events.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/10/41534317/if-trump-wins-2024-election-in-landslide-bettors-could-make-5x-20x-their-bets-at-uk-sports">If Trump Wins 2024 Election In Landslide, Bettors Could Make 5X, 20X Their Bets At UK Sportsbook</a></li>
</ul>
Photo: Shutterstock

10 S&P 500 Stocks Were Worst Performers In First Year Of Trump's Presidency: Will They Sink Again?

Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) shares are trading higher on Thursday. Analysts adjusted the company&#8217;s price target following&nbsp;the third-quarter<a target="_blank" href="https://www.benzinga.com/quote/MAT/analyst-ratings" rel="noreferrer noopener"> results reported on Wednesday</a>.
Mattel reported EPS of $1.09 per share, which beat the analyst consensus estimate of 95 cents. Quarterly revenue came in at $1.843 billion, which missed the analyst<a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41502607/mattel-reports-mixed-q3-results-eps-beat-revenue-miss" rel="noreferrer noopener"> consensus estimate of $1.858 billion</a>.
Mattel revised FY24 net sales guidance to comparable-slightly down in constant currency while maintaining adjusted EPS outlook at $1.35 <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">and $1.45 versus the $1.44 estimate</a>.
Morgan Stanley analyst Megan C Alexander increased the price target to $22 from $21 and reiterated the Equal-weight rating.
The analyst writes that strong third-quarter results were slightly overshadowed by fourth-quarter EPS guidance, which is implied to be well below expectations.
While this could be a conservative estimate, it&#8217;s too soon to assess, especially with critical selling weeks approaching amid a shorter holiday season, an impending election, and ongoing consumer uncertainty, adds the analyst.
The analyst says that while they still anticipate demand drivers to strengthen in 2025, particularly with potential tent-pole movie releases, it&#8217;s too early to make a decisive call, especially in an election year where tariff risks loom.
Consequently, for the fourth quarter, Alexander now projects sales of $1.642 billion (down from $1.677 billion) and EPS of $0.18 (previously $0.41).
For FY24, sales forecast slightly decreases to $5.374 billion (from $5.390 billion) and EPS slightly declines to $1.44 (from $1.45), adds the analyst. For FY25, the analyst estimate sales of $5.498 billion (down from $5.514 billion) and EPS at $1.47 (down from $1.53).
Goldman Sachs analyst Stephen Laszczyk lowered the price target to $22 (versus $23 prior) and maintained the Buy rating.
The analyst modestly lowered 2024+ revenue outlook due to the third-quarter miss, reduced revenue guidance, and limited visibility into long-term growth.
However, Laszczyk largely maintained the adjusted EPS estimates, reflecting third-quarter outperformance and continued cost efficiencies.
The analyst also slightly reduced the share repurchase outlook given the slower pace in the third quarter.
D A Davidson analyst Linda Bolton Weiser says that the sales guidance seems ambitious, but the upper end of the EPS range at $1.45 appears achievable.
Notably, the analyst reduced the 2025 EPS estimate by $0.06 to $1.52 and adjusted sales estimate to -4.9% Y/Y (from -0.4%) for fourth-quarter and -2.5% Y/Y (from -0.1%) for 2024.
EPS guidance remains at $1.35-$1.45, now with a tax rate of 21%-22%, noted the analyst. The analyst maintained the price target at $27 with a Buy rating.
Stifel analyst Drew E. Crum reaffirmed the Buy rating and the price target of $23. The analyst writes that key financial metrics were mixed compared to Street estimates, influenced by year-ago results from the Barbie movie.
A weaker top line was more than offset by significant improvement in adjusted gross margins, driving earnings growth, adds the analyst.
Crum forecasts FY24 adjusted EPS of $1.44, slightly higher than previous estimate of $1.41 and net revenue of $5.382 billion (-1% y/y; down from $5.420 billion prior view).
For 2025, the analyst estimate adjusted EPS of $1.61 (+12%; vs. $1.55 previously) and revenue of $5.590 billion (+4%; vs. $5.634 billion prior).
Price Action: MAT shares are up 3.69% at $18.44 at the last check Thursday.
Photo by 8th.creator on Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/41515616" target="_blank" rel="noreferrer noopener">Monopoly Maker Hasbro Inventory Falls 39% In Q3, CFO Vows To Finish 2024 With Improved Profitability</a></li>
</ul>

Equities

Price Target

Reiteration

Toying With Expectations: Mattel's Q3 Miss Leads To Price Target Tweaks

During the last three months, 5 analysts shared their evaluations of Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Mattel, revealing an average target of $24.0, a high estimate of $28.00, and a low estimate of $20.00. This upward trend is apparent, with the current average reflecting a 5.03% increase from the previous average price target of $22.85.
<img src="https://www.benzinga.com/files/images/story/2024/1729774876_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of Mattel among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Megan Alexander</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$22.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Alexander Perry</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$28.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Linda Bolton Weiser</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$27.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Christopher Horvers</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$23.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Andrew Uerkwitz</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$20.00</td>
<td>$18.25</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Mattel. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Mattel compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Mattel's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Mattel's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MAT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Mattel analyst ratings.</a>
<h2>Delving into Mattel's Background</h2>
Mattel markets toy products that are sold to its wholesale customers and direct to retail consumers. The company offers products for children and families, including toys for infants and preschoolers, girls and boys, youth electronics, hand-held and other games, puzzles, educational toys, media-driven products, and plush and fashion-related toys. Mattel's owned portfolio includes Barbie, Hot Wheels, Fisher-Price, Thomas &amp; Friends, and American Girl. In addition, it currently manufactures toy products for its segments both internally and externally (through manufacturing partners). More than 50% of its net sales are generated from North America, with the remainder stemming from international markets.
<h3>Mattel: Delving into Financials</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Challenges: Mattel's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -0.68%. This indicates a decrease in top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 5.27%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Mattel's ROE excels beyond industry benchmarks, reaching 2.84%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Mattel's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.95% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a high debt-to-equity ratio of 1.34, Mattel faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Mattel

Earnings

Hasbro Executive Says Continued Softness In Nerf, Action Figures, Particularly Star Wars Contributed To Decline In Q3

Morgan Stanley analyst Megan Alexander maintains Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) with a Equal-Weight and raises the price target from $21 to $22.

Morgan Stanley Maintains Equal-Weight on Mattel, Raises Price Target to $22

B of A Securities analyst Alexander Perry maintains Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) with a Buy and raises the price target from $26 to $28.

B of A Securities Maintains Buy on Mattel, Raises Price Target to $28

DA Davidson analyst Linda Bolton Weiser maintains Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) with a Buy and maintains $27 price target.

DA Davidson Maintains Buy on Mattel, Maintains $27 Price Target

Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) reported its third-quarter results after Wednesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/10/b41500317/mattel-reports-third-quarter-2024-financial-results">details from the report.  </a>
The Details: Mattel reported quarterly earnings of $1.09 per share, which beat the analyst consensus estimate of 95 cents. Quarterly revenue came in at $1.843 billion which missed the analyst consensus estimate of $1.858 billion and represents a decrease from sales of $1.919 billion from the same period last year.
<ul>
<li>For the third quarter, Worldwide Gross Billings for Dolls were $757 million, down 14% as reported and in constant currency, versus the prior year&#8217;s third quarter, primarily due to declines in Barbie.</li>
<li>Worldwide Gross Billings for Infant, Toddler, and Preschool were $350 million, down 3% as reported, or 2% in constant currency, primarily due to declines in Baby Gear &amp; Power Wheels.</li>
<li>Worldwide Gross Billings for Vehicles were $580 million, up 12% as reported, or 13% in constant currency, primarily driven by growth in Hot Wheels.</li>
<li>Worldwide Gross Billings for Action Figures, Building Sets, Games, and Other were $364 million, up 2% as reported, or 3% in constant currency, primarily driven by growth in Games, partly offset by declines in Other and Building Sets.</li>
</ul>
Read Next:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41431993/amd-to-benefit-from-ai-competitive-arms-race-goldman-sachs"> </a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41497160/starbucks-analysts-bullish-on-ceo-brian-niccol-after-tough-preannouncement-zeroing-">Starbucks Analysts Bullish On CEO Brian Niccol After Tough Preannouncement: &#8216;Zeroing In&#8217; On Right Issues</a>
&#8220;We continue to execute on our multi-year strategy to grow our IP-driven toy business and expand our entertainment offering. In line with our priorities this year, we continue to improve profitability, expand Gross Margin, and generate significant cash flow,&#8221; said Ynon Kreiz, CEO of Mattel.
&#8220;We expect topline growth in the fourth quarter driven by a good holiday season, market share gains and a toyetic theatrical slate and are well positioned for long-term growth and shareholder value creation,&#8221; Kreiz added. 
Outlook: Mattel sees fiscal year adjusted earnings of between $1.35 and $1.45 per share, versus the $1.44 estimate. 
MAT Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Mattel shares are up 3.32% after-hours at $18.37 at the time of publication Wednesday.
Read Also:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41489239/bank-of-america-ceo-cautions-fed-not-to-go-too-fast-or-too-slow-on-interest-rate-cuts">Bank Of America CEO Cautions Fed Not To &#8216;Go Too Fast Or Too Slow&#8217; On Interest Rate Cuts</a></li>
</ul>
Photo: Shutterstock

After-Hours Center

Mattel Reports Mixed Q3 Results: EPS Beat, Revenue Miss

Guidance

Mattel Sees FY24 Adj. EPS $1.35-$1.45 Vs $1.44 Est.

Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) reported quarterly earnings of $1.09 per share which beat the analyst consensus estimate of $0.95 by 14.74 percent. The company reported quarterly sales of $1.843 billion which missed the analyst consensus estimate of $1.858 billion by 0.82 percent. This is a 3.96 percent decrease over sales of $1.919 billion the same period last year.

Earnings Beats

Earnings Misses

Mattel Q3 2024 Adj. EPS $1.09 Beats $0.95 Estimate, Sales $1.843B Miss $1.858B Estimate

JPMorgan offered a preview of third-quarter earnings for Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) and Hasbro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) before the toymakers<a href="https://www.benzinga.com/news/earnings/24/10/41402417/mattel-to-report-q3-earnings-heres-what-to-expect-from-the-stock"> report later this week. </a>
Mattel: JPMorgan analyst Christopher Horvers highlighted Mattel's success in expanding shelf space at major retail partners which coincides with Barbie's 65th Anniversary and the release of Mini Barbie Land and Barbie Dreamworld.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/10/41418987/nuclear-energy-stocks-are-hot-heres-a-list-of-tickers-to-watch">Nuclear Energy Stocks Are Hot: Here&#8217;s A List Of Tickers To Watch</a>
While the analyst said the stock's setup is starting to improve, he also warned consumers remain soft and "very choiceful in how they spend money." 
Horvers also pointed to a shorter holiday season with five fewer days between Thanksgiving and Christmas as well as the presidential election as potential drags on Mattel's stock.&nbsp;
The JPMorgan analyst maintained a Neutral rating on Mattel, but raised its price target from $22 to $23.
Mattel is set to report on Wednesday after the market close, followed by a conference call to discuss the results at 5 p.m. ET. According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro,</a> the Street estimates Mattel will report earnings of 95 cents per share on revenue of $1.858 billion.
Hasbro: Horvers pointed to Hasbro's recent Transformers release and <a href="https://www.benzinga.com/news/24/08/40658510/lego-maker-pledges-to-cut-oil-content-in-bricks-by-2032-faces-higher-production-costs">new products </a>across its Beyblade, Play Doh and Peppa Pig lines as the "start of a stronger holiday setup after several years of more glacial innovation." The analyst also expects any weakness in the stock to be bought given Hasbro's improving innovation and a strong year ahead for the company's Magic and Go! brands.&nbsp; &nbsp;
JPMorgan <a href="https://www.benzinga.com/quote/HAS/analyst-ratings">maintained </a>its Overweight rating on Hasbro and raised its price target from $76 to $82 heading into the company's third-quarter report. 
Hasbro is set to report its results on Thursday before the opening bell, followed by a conference call at 8:30 a.m. ET. According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, the Street estimates Hasbro will report earnings of $1.28 per share on revenue of $1.295 billion.
MAT, HAS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Mattel shares ended Tuesday's session down 1.68% at $18.11 and Hasbro shares closed 1.25% lower at $71.04. 
Read Also:&nbsp;
<ul>
<li>&nbsp;<a href="https://www.benzinga.com/news/24/10/41415824/lucid-ceo-peter-rawlinson-talks-saudi-investment-elon-musks-political-views-and-taking-business-from">Lucid CEO Peter Rawlinson Talks Saudi Investment, Elon Musk&#8217;s Political Views And Taking Business From Tesla</a></li>
</ul>

Previews

Mattel, Hasbro Ahead Of Earnings, Holiday Season: JPMorgan Says Consumers 'Remain Soft'

Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-10-23. Here's what investors need to know before the announcement.
Analysts estimate that Mattel will report an earnings per share (EPS) of $0.95. 
Mattel bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Performance in Previous Earnings</h3>
In the previous earnings release, the company beat EPS by $0.02, leading to a 9.8% increase in the share price the following trading session.
Here's a look at Mattel's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.17</td>
<td>-0.13</td>
<td>0.32</td>
<td>0.86</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.19</td>
<td>-0.05</td>
<td>0.29</td>
<td>1.08</td>
</tr>
<tr>
<td>Price Change %</td>
<td>10.0%</td>
<td>2.0%</td>
<td>0.0%</td>
<td>-8.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729609342_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Mattel were trading at $18.42 as of October 21. Over the last 52-week period, shares are down 8.75%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Analyst Opinions on Mattel</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Mattel.
Analysts have provided Mattel with 2 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $21.5, suggesting a potential 16.72% upside.
<h3>Analyzing Ratings Among Peers</h3>
The analysis below examines the analyst ratings and average 1-year price targets of Brunswick, Polaris and Acushnet Hldgs, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>The consensus outlook from analysts is an Buy trajectory for Brunswick, with an average 1-year price target of $90.5, indicating a potential 391.31% upside.</li>
<li>Analysts currently favor an Neutral trajectory for Polaris, with an average 1-year price target of $83.25, suggesting a potential 351.95% upside.</li>
<li>Acushnet Hldgs is maintaining an Neutral status according to analysts, with an average 1-year price target of $72.0, indicating a potential 290.88% upside.</li>
</ul>
<h3>Peer Metrics Summary</h3>
The peer analysis summary offers a detailed examination of key metrics for Brunswick, Polaris and Acushnet Hldgs, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mattel</td>
<td>Neutral</td>
<td>-0.68%</td>
<td>$530.74M</td>
<td>2.84%</td>
</tr>
<tr>
<td>Brunswick</td>
<td>Buy</td>
<td>-15.18%</td>
<td>$391M</td>
<td>4.92%</td>
</tr>
<tr>
<td>Polaris</td>
<td>Neutral</td>
<td>-11.52%</td>
<td>$424M</td>
<td>5.06%</td>
</tr>
<tr>
<td>Acushnet Hldgs</td>
<td>Neutral</td>
<td>-0.80%</td>
<td>$371.75M</td>
<td>8.18%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Mattel ranks at the bottom for Revenue Growth among its peers. It also ranks at the bottom for Gross Profit. However, it ranks in the middle for Return on Equity.
<h3>Unveiling the Story Behind Mattel</h3>
Mattel markets toy products that are sold to its wholesale customers and direct to retail consumers. The company offers products for children and families, including toys for infants and preschoolers, girls and boys, youth electronics, hand-held and other games, puzzles, educational toys, media-driven products, and plush and fashion-related toys. Mattel's owned portfolio includes Barbie, Hot Wheels, Fisher-Price, Thomas &amp; Friends, and American Girl. In addition, it currently manufactures toy products for its segments both internally and externally (through manufacturing partners). More than 50% of its net sales are generated from North America, with the remainder stemming from international markets.
<h3>Breaking Down Mattel's Financial Performance</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Decline in Revenue: Over the 3 months period, Mattel faced challenges, resulting in a decline of approximately -0.68% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Mattel's net margin is impressive, surpassing industry averages. With a net margin of 5.27%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.84%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Mattel's ROA stands out, surpassing industry averages. With an impressive ROA of 0.95%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.34, caution is advised due to increased financial risk.
<a href="https://www.benzinga.com/quote/MAT/earnings">To track all earnings releases for Mattel visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Mattel's Earnings

JP Morgan analyst Christopher Horvers maintains Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) with a Neutral and raises the price target from $22 to $23.

JP Morgan Maintains Neutral on Mattel, Raises Price Target to $23

Can Shopify Re-Rate Higher After The Q3 2024 Earnings Outperformance Rally?

Will Glicked rival Barbenheimer? Stocks to watch as Wicked, Gladiator II open in theaters

Franklin Small Cap Value Fund Q3 2024 Commentary

Record-breaking trends signal strong holiday shopping season

Janus Henderson Growth And Income Managed Account Q3 2024 Commentary

SHEIN and Temu expanding toy offerings to lure in more holiday shoppers

Holiday shopping continues to set new records with $6.1B spent online Thanksgiving

Black Friday online sales crack $10B

Black Friday winners & losers: Sell side weighs in on Black Friday sales results

While speaking at the Morgan Stanley Global Consumer and Retail Conference, executives from Mattel (MAT) said: "We had a strong Black Friday. We're...

Mattel 'very encouraged' by 'strong Black Friday'

AAPL

ACIW

AMZN

AVGO

BBWI

BURL

COLB

CROX

DECK

FIBK

FIVE

FNKO

IMAX

IPAR

JAKK

KLAC

LRCX

LULU

MSFT

ONON

ORCL

PARA

PARAA

QNTQF

ROST

SHOO

SHOP

SOHU

ULTA

URBN

VSCO

YETI

Press Releases

Mattel Announces Third Quarter 2024 Financial Results and Conference Call Date

Mattel Promotes Roberto Stanichi to Executive Vice President, Hot Wheels & Head of Vehicles and Building Sets

Mattel Television Studios Unveils Official Trailer and Theme Song for Barney's World

Hot Wheels® and Formula 1® Announce Groundbreaking Partnership, Launching a Limited-Edition Die-Cast

Hot Wheels Ignites New "Challenge Accepted" Platform Dedicated to Building Resilience and Fostering a Growth Mindset in Children

Mattel Films Developing Live-Action View-Master Feature Film with Escape Artists

"Hot Wheels Monster Trucks: Stunt Mayhem" Launches Today on PC and Consoles

Mattel Reports Third Quarter 2024 Financial Results

Hot Wheels Crowns 2024 Global Legends Tour Winner, Soon to be Reimagined as a Hot Wheels Die-Cast Car Sold Worldwide

Comments

Mattel

Mattel (MAT) Forecast

Mattel (NASDAQ:MAT) Stock, Quote.Headers.trade-ideas

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga