Mattel (NASDAQ:MAT) Hits New 1-Year Low – Time to Sell?

Mattel, Inc. (NASDAQ:MAT) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $13.07 and last traded at $13.0650, with a volume of 217926 shares changing hands. The stock had previously closed at $13.34.

Wall Street Analyst Weigh In

A number of brokerages have commented on MAT. The Goldman Sachs Group lowered their price target on Mattel from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, June 26th. Wall Street Zen lowered Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Mattel in a research note on Thursday. Zacks Research raised Mattel from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Wells Fargo & Company decreased their target price on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.89.

Mattel Stock Down 2.1%

The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 1.17 and a beta of 0.74. The business’s 50-day moving average is $14.52 and its 200-day moving average is $16.70. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.04. The company had revenue of $862.17 million for the quarter, compared to the consensus estimate of $808.38 million. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, equities analysts predict that Mattel, Inc. will post 1.34 earnings per share for the current year.

Institutional Trading of Mattel

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EdgePoint Investment Group Inc. raised its position in Mattel by 3.8% during the first quarter. EdgePoint Investment Group Inc. now owns 49,140,882 shares of the company’s stock valued at $714,017,000 after acquiring an additional 1,799,640 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Mattel by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,052,845 shares of the company’s stock worth $160,591,000 after purchasing an additional 783,102 shares in the last quarter. LSV Asset Management boosted its position in Mattel by 1.8% in the 4th quarter. LSV Asset Management now owns 6,126,432 shares of the company’s stock worth $121,548,000 after purchasing an additional 108,622 shares in the last quarter. Morgan Stanley grew its stake in shares of Mattel by 15.1% during the 4th quarter. Morgan Stanley now owns 5,350,290 shares of the company’s stock worth $106,150,000 after purchasing an additional 703,806 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Mattel by 50.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock worth $80,709,000 after purchasing an additional 1,393,000 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.