Mattel (NASDAQ:MAT) EVP Zanatta Roberto Jacobo Isaias Sells 39,083 Shares

Mattel, Inc. (NASDAQ:MAT) EVP Zanatta Roberto Jacobo Isaias sold 39,083 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $15.02, for a total transaction of $587,026.66. Following the sale, the executive vice president owned 144,390 shares in the company, valued at $2,168,737.80. The trade was a 21.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Mattel Stock Up 0.3%

Shares of Mattel stock opened at $14.64 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17. Mattel, Inc. has a 52-week low of $12.73 and a 52-week high of $22.48. The company has a market capitalization of $4.18 billion, a P/E ratio of 10.76, a P/E/G ratio of 1.60 and a beta of 0.72. The company has a 50 day moving average of $14.39 and a 200 day moving average of $14.87.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a net margin of 7.79% and a return on equity of 16.20%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, research analysts forecast that Mattel, Inc. will post 1.32 EPS for the current fiscal year.

Institutional Trading of Mattel

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SJS Investment Consulting Inc. increased its stake in shares of Mattel by 2,959.6% during the first quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock worth $25,000 after acquiring an additional 1,687 shares during the period. Quarry LP acquired a new stake in Mattel in the third quarter valued at about $28,000. Los Angeles Capital Management LLC purchased a new stake in Mattel in the 4th quarter valued at approximately $31,000. Atlas Capital Advisors Inc. purchased a new stake in Mattel in the 4th quarter valued at approximately $36,000. Finally, Global Retirement Partners LLC acquired a new position in Mattel during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on MAT shares. Argus reiterated a “buy” rating and issued a $22.00 price objective on shares of Mattel in a report on Tuesday, August 25th. Odeon Capital Group started coverage on shares of Mattel in a report on Thursday, July 16th. They set a “buy” rating on the stock. The Goldman Sachs Group cut shares of Mattel from a “neutral” rating to a “sell” rating and lowered their target price for the company from $15.00 to $12.00 in a report on Thursday, July 9th. Weiss Ratings lowered shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.80.

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.