Mattel (NASDAQ:MAT) Trading Down 3%

Mattel, Inc. (NASDAQ:MAT)’s stock price dropped 3% on Monday . The company traded as low as $17.26 and last traded at $17.29. Approximately 242,461 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 3,110,227 shares. The stock had previously closed at $17.82.

Analyst Ratings Changes

MAT has been the topic of a number of analyst reports. DA Davidson lifted their price objective on shares of Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Roth Mkm reiterated a “neutral” rating and issued a $21.00 price objective on shares of Mattel in a research report on Wednesday, April 24th. Jefferies Financial Group lifted their price objective on shares of Mattel from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Bank of America boosted their target price on shares of Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Citigroup boosted their target price on shares of Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.78.

Mattel Stock Down 4.2 %

The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 1.10 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. The firm has a 50 day moving average price of $17.99 and a 200-day moving average price of $18.63.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.07. The business had revenue of $809.50 million during the quarter, compared to the consensus estimate of $833.52 million. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.24) EPS. On average, equities analysts forecast that Mattel, Inc. will post 1.4 EPS for the current year.

Insider Transactions at Mattel

In related news, insider Steve Totzke sold 45,216 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $18.90, for a total value of $854,582.40. Following the completion of the transaction, the insider now owns 101,902 shares of the company’s stock, valued at approximately $1,925,947.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Steve Totzke sold 45,216 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $18.90, for a total value of $854,582.40. Following the completion of the transaction, the insider now owns 101,902 shares of the company’s stock, valued at approximately $1,925,947.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 106,086 shares of the company’s stock, valued at approximately $1,997,599.38. The disclosure for this sale can be found here. Insiders sold 90,533 shares of company stock valued at $1,709,321 in the last 90 days. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MAT. UBS Group AG increased its stake in shares of Mattel by 340.7% during the 3rd quarter. UBS Group AG now owns 250,781 shares of the company’s stock valued at $5,525,000 after acquiring an additional 193,871 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Mattel by 10.2% during the 3rd quarter. Citigroup Inc. now owns 32,606 shares of the company’s stock worth $718,000 after purchasing an additional 3,008 shares during the period. Deutsche Bank AG grew its holdings in shares of Mattel by 43.4% during the 3rd quarter. Deutsche Bank AG now owns 57,729 shares of the company’s stock worth $1,272,000 after purchasing an additional 17,464 shares during the period. Stifel Financial Corp grew its holdings in shares of Mattel by 161.8% during the 3rd quarter. Stifel Financial Corp now owns 146,494 shares of the company’s stock worth $3,227,000 after purchasing an additional 90,539 shares during the period. Finally, Natixis Advisors L.P. grew its holdings in shares of Mattel by 44.0% during the 3rd quarter. Natixis Advisors L.P. now owns 19,667 shares of the company’s stock worth $433,000 after purchasing an additional 6,007 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.