Roth/MKM Reaffirms Mattel (MAT) Price Target, Citing Retail Shelf Delays

Mattel Inc. (NASDAQ:MAT) ranks among the top NASDAQ stocks with low P/E ratios. On September 18, Roth/MKM reaffirmed its $22 price target and Neutral rating on Mattel Inc. (NASDAQ:MAT), pointing to retail timing concerns that are pushing order deliveries into 2025’s fourth quarter.

The company observed that third-quarter predictions were lowered and fourth-quarter projections were raised due to U.S. merchants pushing out shelf changes later than usual. Despite these changes in timing, the full-year projection remains unchanged, with earnings per share of $1.63 and net sales of $5.514 billion expected.

The toy manufacturer is also convinced of its ability to offset the total tariff cost of less than $100 million in 2025 via supply chain adjustments, procurement changes, production location changes, and selective price hikes implemented at the start of the third quarter.

Mattel Inc. (NASDAQ:MAT) is a multinational toy manufacturer headquartered in California. The company focuses on the design and manufacture of high-quality toys and other consumer products. It also produces action figures, building sets, and games under the trademarks MEGA, UNO, and WWE, as well as licensed products from Disney, Microsoft, and NBCUniversal.

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Disclosure: None. This article is originally published at Insider Monkey.