Mattel (NASDAQ:MAT) Stock Price Down 3.8%

Mattel, Inc. (NASDAQ:MAT) shares dropped 3.8% on Tuesday . The company traded as low as $17.85 and last traded at $17.97. Approximately 1,660,854 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 3,381,330 shares. The stock had previously closed at $18.68.

Analyst Ratings Changes

MAT has been the topic of a number of research analyst reports. DA Davidson restated a “buy” rating and issued a $27.00 price target on shares of Mattel in a research note on Monday. Citigroup increased their price objective on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America increased their price objective on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Roth Mkm reiterated a “neutral” rating and set a $21.00 price objective on shares of Mattel in a research report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.63.

Mattel Stock Up 0.7 %

The company has a debt-to-equity ratio of 1.15, a current ratio of 2.49 and a quick ratio of 1.88. The company has a market cap of $6.56 billion, a P/E ratio of 22.81, a PEG ratio of 1.10 and a beta of 0.86. The stock has a 50-day moving average of $17.21 and a 200 day moving average of $18.30.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Mattel had a return on equity of 25.42% and a net margin of 5.94%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the business earned $0.10 earnings per share. Mattel’s revenue was down .7% on a year-over-year basis. Research analysts anticipate that Mattel, Inc. will post 1.4 earnings per share for the current year.

Insider Activity at Mattel

In related news, insider Steve Totzke sold 45,216 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $18.90, for a total value of $854,582.40. Following the sale, the insider now directly owns 101,902 shares of the company’s stock, valued at $1,925,947.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $18.83, for a total value of $407,763.65. Following the sale, the executive vice president now directly owns 106,086 shares of the company’s stock, valued at $1,997,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steve Totzke sold 45,216 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $18.90, for a total value of $854,582.40. Following the completion of the sale, the insider now directly owns 101,902 shares in the company, valued at $1,925,947.80. The disclosure for this sale can be found here. Insiders have sold 90,533 shares of company stock valued at $1,709,321 over the last ninety days. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of Mattel

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its stake in shares of Mattel by 70.0% during the fourth quarter. BNP Paribas Financial Markets now owns 328,239 shares of the company’s stock valued at $6,197,000 after purchasing an additional 135,209 shares in the last quarter. Van ECK Associates Corp acquired a new stake in shares of Mattel during the fourth quarter valued at about $1,484,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Mattel by 12.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 76,131 shares of the company’s stock worth $1,437,000 after acquiring an additional 8,476 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Mattel in the fourth quarter worth approximately $1,169,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Mattel by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,927,553 shares of the company’s stock worth $74,152,000 after acquiring an additional 48,276 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.