Mattel, Inc. (NASDAQ:MAT) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $14.93 and last traded at $14.93, with a volume of 5,454,010 shares traded. The stock had previously closed at $15.86.

Several brokerages have recently commented on MAT. UBS AG reaffirmed a “buy” rating and set a $26.00 target price (down from $29.00) on shares of Mattel in a report on Wednesday, June 21st. BidaskClub raised shares of Mattel from a “strong sell” rating to a “sell” rating in a report on Thursday. Stifel Nicolaus reaffirmed a “hold” rating on shares of Mattel in a report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 target price on shares of Mattel in a report on Monday, June 19th. Finally, DA Davidson cut shares of Mattel from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $30.00 to $24.00 in a report on Thursday, June 15th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.04.

The company has a market cap of $5.13 billion, a PE ratio of 21.49 and a beta of 0.87. The firm has a 50 day moving average price of $17.10 and a 200-day moving average price of $21.49.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.05). The company had revenue of $974.50 million during the quarter, compared to the consensus estimate of $972.36 million. Mattel had a return on equity of 11.62% and a net margin of 4.51%. Mattel’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.02) EPS. Equities analysts expect that Mattel, Inc. will post $0.79 EPS for the current year.

In related news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were purchased at an average price of $19.61 per share, with a total value of $248,262.60. Following the acquisition, the chief executive officer now directly owns 116,788 shares of the company’s stock, valued at $2,290,212.68. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Highlander Capital Management LLC bought a new position in shares of Mattel during the 2nd quarter valued at $105,000. Penserra Capital Management LLC grew its holdings in shares of Mattel by 26.6% during the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after purchasing an additional 1,287 shares during the last quarter. Delta Asset Management LLC TN grew its holdings in shares of Mattel by 54.7% during the 2nd quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock valued at $133,000 after purchasing an additional 2,175 shares during the last quarter. First Interstate Bank grew its holdings in shares of Mattel by 237.1% during the 1st quarter. First Interstate Bank now owns 6,682 shares of the company’s stock valued at $171,000 after purchasing an additional 4,700 shares during the last quarter. Finally, ETF Managers Group LLC bought a new position in shares of Mattel during the 2nd quarter valued at $195,000. 93.81% of the stock is currently owned by institutional investors.

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About Mattel

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

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