Mattel (NASDAQ:MAT) Share Price Breaks Below 200 Day Moving Average – Here’s Why

Mattel, Inc. (NASDAQ:MAT) shares crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $15.62 and traded as low as $15.42. Mattel shares last traded at $15.43, with a volume of 3,937,886 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MAT. Citigroup raised their price objective on Mattel from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 13th. Odeon Capital Group began coverage on Mattel in a research report on Thursday, July 16th. They set a “buy” rating on the stock. UBS Group reiterated a “buy” rating on shares of Mattel in a research note on Thursday, October 1st. The Goldman Sachs Group downgraded Mattel from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $15.00 to $12.00 in a report on Thursday, July 9th. Finally, Roth Capital dropped their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mattel presently has a consensus rating of “Hold” and a consensus target price of $18.00.

Mattel Trading Up 1.3%

The stock has a 50-day moving average of $14.97 and a 200 day moving average of $15.56. 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 stock has a market cap of $4.42 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.62 and a beta of 0.70.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a net margin of 7.79% and a return on equity of 16.20%. Mattel’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, sell-side analysts anticipate that Mattel, Inc. will post 1.30 earnings per share for the current year.

Insider Buying and Selling

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $15.02, for a total value of $587,026.66. Following the sale, the executive vice president owned 144,390 shares in the company, valued at approximately $2,168,737.80. This represents a 21.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Mattel

Institutional investors have recently made changes to their positions in the company. Evergreen Capital Management LLC acquired a new stake in shares of Mattel during the 3rd quarter valued at about $370,000. State of Alaska Department of Revenue boosted its position in Mattel by 15.9% during the third quarter. State of Alaska Department of Revenue now owns 90,894 shares of the company’s stock worth $1,150,000 after purchasing an additional 12,496 shares in the last quarter. GAMMA Investing LLC grew its holdings in Mattel by 43.0% in the third quarter. GAMMA Investing LLC now owns 4,311 shares of the company’s stock valued at $55,000 after purchasing an additional 1,297 shares during the period. Farther Finance Advisors LLC grew its holdings in Mattel by 253.8% in the third quarter. Farther Finance Advisors LLC now owns 3,559 shares of the company’s stock valued at $45,000 after purchasing an additional 2,553 shares during the period. Finally, Byrne Asset Management LLC purchased a new stake in shares of Mattel in the third quarter valued at approximately $174,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Company Profile

Mattel, Inc is a global toy and entertainment company that designs, manufactures and markets a broad portfolio of toys, games and consumer products. Its best-known brands include Barbie, Hot Wheels, Fisher-Price, American Girl, Matchbox, UNO, Masters of the Universe and Thomas & Friends. Mattel also develops entertainment content and licenses its intellectual property for use in consumer products, digital experiences and other media.

Founded in 1945, Mattel has expanded from a U.S.