Mattel (NASDAQ:MAT) Reaches New 1-Year Low – Here’s What Happened

Shares of Mattel, Inc. (NASDAQ:MAT) reached a new 52-week low on Wednesday . The company traded as low as $13.84 and last traded at $13.9050, with a volume of 1484819 shares trading hands. The stock had previously closed at $14.13.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wall Street Zen lowered Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. UBS Group reissued a “buy” rating and issued a $28.00 price objective on shares of Mattel in a report on Thursday, March 5th. Wells Fargo & Company lowered their target price on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Weiss Ratings lowered shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. cut their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.22.

Mattel Stock Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 1.29 and a beta of 0.72. The stock has a 50-day moving average price of $14.77 and a 200-day moving average price of $17.34.

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

Institutional Trading of Mattel

Several hedge funds and other institutional investors have recently modified their holdings of MAT. Quarry LP acquired a new position in Mattel in the 3rd quarter valued at about $28,000. Los Angeles Capital Management LLC acquired a new stake in Mattel during the fourth quarter worth approximately $31,000. SJS Investment Consulting Inc. boosted its holdings 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. Atlas Capital Advisors Inc. bought a new stake in shares of Mattel during the fourth quarter worth approximately $36,000. Finally, Farther Finance Advisors LLC grew its position in shares of Mattel by 107.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after purchasing an additional 1,048 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

Mattel Company Profile

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.