Mattel (NASDAQ:MAT) Sets New 1-Year Low at $16.04

Mattel, Inc. (NASDAQ:MAT) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $16.04 and last traded at $16.08, with a volume of 289700 shares changing hands. The stock had previously closed at $16.38.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Roth Mkm restated a “neutral” rating and set a $21.00 price target on shares of Mattel in a research note on Wednesday, April 24th. Bank of America lifted their price objective on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. DA Davidson lifted their price objective on Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Jefferies Financial Group lifted their price objective on Mattel from $19.00 to $20.00 and gave the company a “hold” rating in a report on Friday, March 15th. Finally, Citigroup lifted their price objective on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Mattel presently has a consensus rating of “Moderate Buy” and an average target price of $22.78.

Mattel Stock Performance

The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.88 and a current ratio of 2.49. The stock’s 50-day moving average is $17.69 and its 200 day moving average is $18.50. The firm has a market cap of $5.51 billion, a P/E ratio of 19.74, a PEG ratio of 1.04 and a beta of 0.86.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The firm had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. During the same period in the prior year, the business earned ($0.24) EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts predict that Mattel, Inc. will post 1.4 earnings per share for the current year.

Insider Activity at Mattel

In other Mattel news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the transaction, the executive vice president now directly owns 106,086 shares of the company’s stock, valued at approximately $1,997,599.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Mattel news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the transaction, the executive vice president now directly owns 106,086 shares of the company’s stock, valued at approximately $1,997,599.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steve Totzke sold 23,662 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $18.89, for a total transaction of $446,975.18. Following the completion of the transaction, the insider now directly owns 152,018 shares in the company, valued at $2,871,620.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,533 shares of company stock worth $1,709,321. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Trust Co. of Vermont boosted its position in Mattel by 833.3% in the third quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Mattel by 108.5% during the second quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after acquiring an additional 1,052 shares in the last quarter. Partnership Wealth Management LLC bought a new stake in shares of Mattel during the fourth quarter worth about $61,000. Lazard Asset Management LLC purchased a new position in Mattel in the first quarter valued at about $76,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Mattel during the 1st quarter worth approximately $76,000. 97.15% of the stock is owned by institutional investors.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.