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

Mattel, Inc. (NASDAQ:MAT)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $13.07 and last traded at $13.0650, with a volume of 217926 shares traded. The stock had previously closed at $13.34.

Analyst Ratings Changes

MAT has been the subject of a number of research reports. Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. Wells Fargo & Company lowered their target price on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mattel in a research report on Thursday, July 2nd. Argus upgraded Mattel to a “strong-buy” rating in a research note on Friday, March 13th. Finally, The Goldman Sachs Group decreased their price objective on Mattel from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, June 26th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.89.

Mattel Stock Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50. The company has a market cap of $3.90 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 1.15 and a beta of 0.74. The business has a fifty day simple moving average of $14.47 and a two-hundred day simple moving average of $16.60.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.04. The firm had revenue of $862.17 million during the quarter, compared to analyst estimates of $808.38 million. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.03) EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Research analysts anticipate that Mattel, Inc. will post 1.34 earnings per share for the current year.

Institutional Investors Weigh In On Mattel

Hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in shares of Mattel during the first quarter worth $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Mattel by 74.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock valued at $67,000 after buying an additional 1,468 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Mattel by 50.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock valued at $80,709,000 after buying an additional 1,393,000 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Mattel by 5.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company’s stock valued at $15,135,000 after buying an additional 37,118 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in Mattel in the first quarter valued at about $266,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Company Profile

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.