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

Mattel, Inc. (NASDAQ:MAT) reached a new 52-week low during trading on Friday . The company traded as low as $15.66 and last traded at $15.84, with a volume of 497680 shares changing hands. The stock had previously closed at $16.58.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAT. Morgan Stanley boosted their price target on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and upped their target price for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Finally, DA Davidson increased their price objective on Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Mattel has an average rating of “Moderate Buy” and a consensus price target of $25.57.

Mattel Stock Down 0.8 %

The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 2.35 and a beta of 0.51. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The business has a 50-day simple moving average of $20.25 and a two-hundred day simple moving average of $19.28.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period last year, the business posted $0.29 EPS. As a group, equities analysts predict that Mattel, Inc. will post 1.7 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in Mattel by 350.1% in the first quarter. Versant Capital Management Inc now owns 9,452 shares of the company’s stock worth $184,000 after acquiring an additional 7,352 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Mattel in the 4th quarter valued at about $5,622,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Mattel in the fourth quarter valued at about $459,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Mattel during the fourth quarter worth about $3,966,000. Finally, Mackenzie Financial Corp purchased a new position in Mattel in the fourth quarter valued at about $313,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.