Roth/MKM Reaffirms Price Target for Mattel (MAT)
Mattel, Inc. (NASDAQ:MAT) is currently recognized as one of the leading NASDAQ stocks with favorable P/E ratios. Recently, Roth/MKM reaffirmed its price target of $22 and maintained a Neutral rating on Mattel (MAT), citing concerns regarding retail timing that are causing delivery orders to be pushed into the fourth quarter of 2025.
The firm noted that expectations for the third quarter have been lowered while projections for the fourth quarter have seen an uptick, primarily due to U.S. retailers delaying shelf changes. Despite these adjustments, the company's overall annual forecast remains steady, anticipating earnings per share of $1.63 and net sales of $5.514 billion.
Mattel is optimistic about its capability to manage the total tariff costs, which are expected to be below $100 million for 2025. This will be achieved through strategic supply chain adjustments, changes in procurement and production locations, as well as selective price increases initiated at the beginning of the third quarter.
Headquartered in California, Mattel, Inc. specializes in the design and manufacturing of high-quality toys and consumer products, including action figures, building sets, and games under trademarks such as MEGA, UNO, and WWE, along with licensed products from Disney, Microsoft, and NBCUniversal.
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