Mattel (NASDAQ:MAT) Sets New 1-Year Low at $16.19

Shares of Mattel, Inc. (NASDAQ:MAT) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $16.19 and last traded at $16.23, with a volume of 1684038 shares. The stock had previously closed at $16.49.

Wall Street Analyst Weigh In

MAT has been the topic of several research reports. Bank of America raised their price objective on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Citigroup raised their price objective on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. DA Davidson raised their price objective on Mattel from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Roth Mkm reaffirmed a “neutral” rating and set a $21.00 price objective on shares of Mattel in a report on Wednesday, April 24th. Finally, Jefferies Financial Group raised their price target on Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Five 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.com, Mattel has an average rating of “Moderate Buy” and an average price target of $22.78.

Mattel Price Performance

The stock has a fifty day simple moving average of $17.99 and a two-hundred day simple moving average of $18.63. The company has a market cap of $5.59 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.05 and a beta of 0.90. The company has a current ratio of 2.49, a quick ratio of 1.88 and a debt-to-equity ratio of 1.15.

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

Insider Activity

In other news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of Mattel stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total transaction of $407,763.65. Following the completion of the sale, the executive vice president now directly owns 106,086 shares in the company, valued at approximately $1,997,599.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of Mattel stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total transaction of $407,763.65. Following the completion of the sale, the executive vice president now directly owns 106,086 shares in the company, valued at approximately $1,997,599.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Steve Totzke sold 45,216 shares of Mattel stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $18.90, for a total transaction of $854,582.40. Following the sale, the insider now owns 101,902 shares of the company’s stock, valued at $1,925,947.80. The disclosure for this sale can be found here. In the last three months, insiders sold 90,533 shares of company stock worth $1,709,321. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Mattel

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in shares of Mattel by 70.0% during the 4th quarter. BNP Paribas Financial Markets now owns 328,239 shares of the company’s stock valued at $6,197,000 after buying an additional 135,209 shares during the period. Van ECK Associates Corp purchased a new stake in shares of Mattel during the 4th quarter valued at $1,484,000. Jericho Capital Asset Management L.P. purchased a new stake in shares of Mattel during the 3rd quarter valued at $76,819,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Mattel by 12.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 76,131 shares of the company’s stock valued at $1,437,000 after buying an additional 8,476 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of Mattel by 161.8% during the 3rd quarter. Stifel Financial Corp now owns 146,494 shares of the company’s stock valued at $3,227,000 after buying an additional 90,539 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

About Mattel

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.