Mattel (NASDAQ:MAT) Hits New 12-Month Low – What’s Next?

Mattel, Inc. (NASDAQ:MAT) shares reached a new 52-week low on Friday . The stock 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.

Analyst Ratings Changes

Several research firms have recently weighed in on MAT. Roth Mkm set a $16.00 target price on shares of Mattel in a research report on Wednesday, February 11th. Wells Fargo & Company lowered their price objective on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. UBS Group reaffirmed a “buy” rating and set a $28.00 price objective on shares of Mattel in a research report on Thursday, March 5th. Morgan Stanley set a $18.00 price objective on shares of Mattel in a research report on Wednesday, February 11th. Finally, DA Davidson lowered their price objective on shares of Mattel from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Mattel presently has a consensus rating of “Hold” and a consensus target price of $18.22.

Mattel Price Performance

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 business’s fifty day moving average is $14.78 and its 200 day moving average is $17.63. The firm has a market capitalization of $4.09 billion, a P/E ratio of 8.91, a P/E/G ratio of 1.29 and a beta of 0.72.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. The business had revenue of $862.17 million for the quarter, compared to analyst estimates of $808.38 million. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.03) earnings per share. 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 EPS for the current year.

Institutional Trading of Mattel

A number of hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in Mattel by 14.6% in 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 purchasing an additional 244,094 shares during the period. Seven Six Capital Management LLC acquired a new stake in shares of Mattel during the 1st quarter worth about $2,110,000. Kentucky Retirement Systems bought a new stake in Mattel during the 1st quarter worth about $406,000. Amundi grew its holdings in Mattel by 10.4% during the 1st quarter. Amundi now owns 121,472 shares of the company’s stock worth $1,765,000 after acquiring an additional 11,429 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in Mattel by 22.9% during the 1st quarter. California State Teachers Retirement System now owns 373,051 shares of the company’s stock worth $5,420,000 after acquiring an additional 69,429 shares during the last quarter. 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.