Mattel (NASDAQ:MAT) Hits New 1-Year Low – Here’s Why

Mattel, Inc. (NASDAQ:MAT)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $13.55 and last traded at $13.6990, with a volume of 143905 shares. The stock had previously closed at $13.69.

Key Stories Impacting Mattel

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Mattel unveiled a Miley Cyrus Barbie doll, and the singer publicly praised the release, giving the company a high-profile pop-culture marketing win that could help keep the Barbie brand in the spotlight. Mattel unveils Miley Cyrus Barbie doll
• Positive Sentiment: The company also highlighted new Masters of the Universe concept art and a “Dream Date” Skeletor figure, signaling continued support for its franchise lineup and collector-focused releases. Masters Of The Universe: Mattel Unveils “Dream Date” Skeletor Figure
• Positive Sentiment: Mattel’s SDCC exclusives, including “KPop Demon Hunters” figures and a Monster High doll, add more evidence that the company is leaning into licensed and fandom-driven products to drive excitement. Mattel’s SDCC Exclusives Include ‘KPop Demon Hunters’ Figures, Monster High Doll And More

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MAT. Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. Argus upgraded Mattel to a “strong-buy” rating in a report on Friday, March 13th. Zacks Research raised Mattel from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Wells Fargo & Company decreased their price objective on Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.89.

Mattel Stock Performance

The firm has a market capitalization of $3.99 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 1.25 and a beta of 0.72. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.50 and a current ratio of 2.06. The company’s fifty day moving average price is $14.59 and its two-hundred day moving average price is $16.80.

Mattel (NASDAQ:MAT) last released its earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping 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 business had revenue of $862.17 million for the quarter, compared to analysts’ expectations of $808.38 million. During the same period last year, the company earned ($0.03) earnings per share. The company’s quarterly revenue 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, equities analysts expect that Mattel, Inc. will post 1.31 earnings per share for the current year.

Institutional Trading of Mattel

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Simcoe Capital Management LLC acquired a new stake in Mattel during the 3rd quarter worth approximately $39,044,000. JPMorgan Chase & Co. lifted its position in Mattel by 21.2% during the third quarter. JPMorgan Chase & Co. now owns 1,393,829 shares of the company’s stock valued at $23,458,000 after buying an additional 244,030 shares in the last quarter. 44 Wealth Management LLC acquired a new position in Mattel during the third quarter valued at approximately $1,338,000. K.J. Harrison & Partners Inc grew its stake in Mattel by 1,323.5% during the fourth quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company’s stock worth $4,801,000 after buying an additional 225,000 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Mattel by 49.1% during the third quarter. Victory Capital Management Inc. now owns 2,044,974 shares of the company’s stock worth $34,417,000 after buying an additional 673,642 shares during the period. 97.15% of the stock is currently 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.