Mattel (NASDAQ:MAT) Shares Climb 4.5% – Here’s What Happened

Mattel, Inc. (NASDAQ:MAT)’s share price shot up 4.5% during mid-day trading on Monday. The stock traded as high as $13.82 and last traded at $13.8890. Approximately 1,171,941 shares changed hands during trading, a decline of 75% from the average daily volume of 4,657,006 shares. The stock had previously closed at $13.29.

Analyst Ratings Changes

Several research firms have recently commented on MAT. Odeon Capital Group started coverage on shares of Mattel in a report on Thursday, July 16th. They issued a “buy” rating for the company. The Goldman Sachs Group lowered shares of Mattel from a “neutral” rating to a “sell” rating and cut their price objective for the company from $15.00 to $12.00 in a report on Thursday, July 9th. Citigroup reduced their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Roth Capital lowered their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Finally, Argus reaffirmed a “buy” rating and set a $22.00 target price on shares of Mattel in a research report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.80.

Mattel Trading Up 0.0%

The firm has a market capitalization of $3.80 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 1.46 and a beta of 0.72. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17. The company’s 50-day simple moving average is $14.39 and its 200 day simple moving average is $14.51.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 earnings per share (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 return on equity of 16.20% and a net margin of 7.79%.The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, sell-side analysts expect that Mattel, Inc. will post 1.31 EPS for the current year.

Insiders Place Their Bets

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of Mattel stock in a transaction on Monday, August 31st. The shares were sold at an average price of $15.02, for a total value of $587,026.66. Following the transaction, the executive vice president directly owned 144,390 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mattel

A number of large investors have recently made changes to their positions in the business. Sei Investments Co. lifted its holdings in shares of Mattel by 107.3% during the 1st quarter. Sei Investments Co. now owns 2,159,405 shares of the company’s stock valued at $31,376,000 after purchasing an additional 1,117,726 shares during the last quarter. BlackRock Inc. purchased a new position in Mattel during the 2nd quarter worth $363,273,000. Great Lakes Advisors LLC purchased a new position in Mattel during the 2nd quarter worth $3,147,000. Bank of America Corp DE increased its position in Mattel by 14.6% during the 1st quarter. Bank of America Corp DE now owns 1,914,866 shares of the company’s stock valued at $27,823,000 after buying an additional 244,094 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Mattel by 514.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 644,268 shares of the company’s stock valued at $9,361,000 after buying an additional 539,373 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Company Profile

Mattel, Inc is a global toy and entertainment company that designs, manufactures and markets toys, games and consumer products. Its portfolio includes well-known brands such as Barbie, Hot Wheels, Fisher-Price, Matchbox, American Girl, UNO, Thomas & Friends and Masters of the Universe.

The company also develops entertainment and experiences based on its intellectual property, including content, films, television projects, digital games, live events and location-based attractions. Mattel generates additional business through licensing its brands for products and services produced by other companies.

Founded in 1945 and headquartered in El Segundo, California, Mattel serves consumers in markets around the world through retail, e-commerce and other distribution channels.