Mattel (NASDAQ:MAT) Reaches New 12-Month Low – Should You Sell?

Mattel, Inc. (NASDAQ:MAT)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $14.00 and last traded at $14.0150, with a volume of 792141 shares trading hands. The stock had previously closed at $14.20.

Analyst Ratings Changes

MAT has been the topic of a number of research reports. Argus raised shares of Mattel to a “strong-buy” rating in a research note on Friday, March 13th. Roth Mkm set a $16.00 price objective on Mattel in a research report on Wednesday, February 11th. Citigroup downgraded shares of Mattel from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $16.00 in a research note on Wednesday, February 11th. The Goldman Sachs Group upped their price objective on shares of Mattel from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Finally, DA Davidson reduced their target price on shares of Mattel from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $18.22.

Mattel Price 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 has a market cap of $4.09 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 1.29 and a beta of 0.72. The company’s fifty day moving average is $14.78 and its two-hundred day moving average is $17.63.

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, topping the consensus estimate of ($0.24) by $0.04. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The firm had revenue of $862.17 million for the quarter, compared to the consensus estimate of $808.38 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities research analysts forecast that Mattel, Inc. will post 1.31 EPS for the current year.

Institutional Investors Weigh In On Mattel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. increased its position in shares of Mattel by 9.4% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 44,662,760 shares of the company’s stock worth $751,674,000 after purchasing an additional 3,839,176 shares during the last quarter. Alyeska Investment Group L.P. increased its position in shares of Mattel by 274.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 3,445,360 shares of the company’s stock worth $68,356,000 after purchasing an additional 2,524,123 shares during the last quarter. Norges Bank bought a new stake in shares of Mattel in the 4th quarter worth about $49,182,000. Serenity Capital Management PTE. LTD. bought a new stake in shares of Mattel in the 4th quarter worth about $47,331,000. Finally, Simcoe Capital Management LLC bought a new stake in shares of Mattel in the 3rd quarter worth about $39,044,000. 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.