Mattel (NASDAQ:MAT) Sets New 52-Week Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

MAT has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. Zacks Research raised Mattel from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Argus upgraded shares of Mattel to a “strong-buy” rating in a report on Friday, March 13th. Wells Fargo & Company reduced their target price on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mattel has a consensus rating of “Hold” and an average price target of $17.89.

Mattel Stock Performance

The business has a 50-day moving average price of $14.52 and a 200-day moving average price of $16.70. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 1.17 and a beta of 0.74. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.04. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The firm had revenue of $862.17 million during the quarter, compared to analysts’ expectations of $808.38 million. During the same quarter last year, the firm earned ($0.03) EPS. The business’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. As a group, sell-side analysts forecast that Mattel, Inc. will post 1.34 earnings per share for the current year.

Institutional Investors Weigh In On Mattel

A number of large investors have recently modified their holdings of the business. Simcoe Capital Management LLC purchased a new stake in Mattel during the 3rd quarter worth approximately $39,044,000. JPMorgan Chase & Co. raised its holdings in shares of Mattel by 21.2% in the third quarter. JPMorgan Chase & Co. now owns 1,393,829 shares of the company’s stock worth $23,458,000 after buying an additional 244,030 shares during the last quarter. 44 Wealth Management LLC purchased a new position in shares of Mattel in the third quarter worth $1,338,000. K.J. Harrison & Partners Inc raised its holdings in shares of Mattel by 1,323.5% in the fourth quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company’s stock worth $4,801,000 after buying an additional 225,000 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Mattel by 49.1% during the third quarter. Victory Capital Management Inc. now owns 2,044,974 shares of the company’s stock worth $34,417,000 after buying an additional 673,642 shares during the period. 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.