Insider Selling: Mattel (NASDAQ:MAT) EVP Sells 39,083 Shares

Mattel, Inc. (NASDAQ:MAT) EVP Zanatta Roberto Jacobo Isaias sold 39,083 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $15.02, for a total transaction of $587,026.66. Following the transaction, the executive vice president directly owned 144,390 shares of the company’s stock, valued at $2,168,737.80. This represents a 21.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Mattel Stock Performance

Shares of MAT stock traded up $0.05 during trading hours on Wednesday, hitting $14.64. The company’s stock had a trading volume of 2,476,863 shares, compared to its average volume of 4,720,089. The company has a 50 day moving average of $14.38 and a 200 day moving average of $14.88. The stock has a market cap of $4.18 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 1.44 and a beta of 0.72. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. Mattel, Inc. has a 12-month low of $12.73 and a 12-month high of $22.48.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Mattel had a return on equity of 16.20% and a net margin of 7.79%.The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company earned $0.19 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, sell-side analysts forecast that Mattel, Inc. will post 1.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MAT. Sei Investments Co. grew its position in shares of Mattel by 107.3% during the 1st quarter. Sei Investments Co. now owns 2,159,405 shares of the company’s stock valued at $31,376,000 after acquiring an additional 1,117,726 shares during the period. BlackRock Inc. acquired a new position in Mattel in the 2nd quarter worth about $363,273,000. K.J. Harrison & Partners Inc raised its holdings in Mattel by 1,323.5% in the 4th quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company’s stock worth $4,801,000 after purchasing an additional 225,000 shares during the period. Great Lakes Advisors LLC purchased a new position in Mattel during the second quarter worth approximately $3,147,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Mattel by 514.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 644,268 shares of the company’s stock worth $9,361,000 after purchasing an additional 539,373 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

MAT has been the subject of a number of recent research reports. Wall Street Zen lowered Mattel from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Citigroup lowered their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Argus reaffirmed a “buy” rating and set a $22.00 target price on shares of Mattel in a report on Tuesday, August 25th. Jefferies Financial Group reiterated a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. Finally, Odeon Capital Group assumed coverage on Mattel in a report on Thursday, July 16th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Mattel has a consensus rating of “Hold” and a consensus price target of $17.80.

About Mattel

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.