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

Mattel, Inc. (NASDAQ:MAT)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $14.00 and last traded at $14.0150, with a volume of 792141 shares. The stock had previously closed at $14.20.

Wall Street Analyst Weigh In

MAT has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price objective on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. DA Davidson reduced their price objective on shares of Mattel from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. The Goldman Sachs Group lifted their price objective on shares of Mattel from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Finally, UBS Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Mattel in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.22.

Mattel Stock Performance

The company’s fifty day simple moving average is $14.77 and its 200 day simple moving average is $17.61. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $4.09 billion, a P/E ratio of 8.91, a P/E/G ratio of 1.26 and a beta of 0.72.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.04. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The firm had revenue of $862.17 million during the quarter, compared to the consensus estimate of $808.38 million. During the same period last year, the firm earned ($0.03) EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, sell-side analysts forecast that Mattel, Inc. will post 1.31 earnings per share for the current fiscal year.

Institutional Trading of Mattel

A number of hedge funds have recently made changes to their positions in MAT. EdgePoint Investment Group Inc. lifted its holdings in shares of Mattel by 9.4% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 44,662,760 shares of the company’s stock worth $751,674,000 after acquiring an additional 3,839,176 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Mattel by 274.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,445,360 shares of the company’s stock worth $68,356,000 after acquiring an additional 2,524,123 shares during the last quarter. Norges Bank bought a new stake in shares of Mattel during the 4th quarter worth $49,182,000. Serenity Capital Management PTE. LTD. bought a new stake in shares of Mattel during the 4th quarter worth $47,331,000. Finally, Simcoe Capital Management LLC bought a new stake in shares of Mattel during the 3rd quarter worth $39,044,000. 97.15% of the stock is owned by institutional investors.

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.