Mattel (NASDAQ:MAT) Sets New 52-Week Low – Here’s What Happened

Mattel, Inc. (NASDAQ:MAT) 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.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Argus upgraded shares of Mattel to a “strong-buy” rating in a report on Friday, March 13th. Weiss Ratings cut shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th. The Goldman Sachs Group lowered their price target on Mattel from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday. Wells Fargo & Company dropped their price objective on Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, UBS Group reissued a “buy” rating and set a $28.00 price objective on shares of Mattel in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.89.

Mattel Stock Performance

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 firm’s 50-day moving average price is $14.64 and its two-hundred day moving average price is $16.90. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 1.25 and a beta of 0.72.

Mattel (NASDAQ:MAT) last posted its 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. The business had revenue of $862.17 million for the quarter, compared to analysts’ expectations of $808.38 million. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts predict that Mattel, Inc. will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On Mattel

A number of hedge funds have recently modified their holdings of MAT. SJS Investment Consulting Inc. boosted its stake in Mattel by 2,959.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock valued at $25,000 after buying an additional 1,687 shares in the last quarter. Quarry LP bought a new stake in Mattel in the third quarter valued at $28,000. Los Angeles Capital Management LLC acquired a new position in Mattel during the fourth quarter worth $31,000. Atlas Capital Advisors Inc. acquired a new position in Mattel during the fourth quarter worth $36,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Mattel by 107.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after acquiring an additional 1,048 shares during the period. 97.15% of the stock is 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.