Mattel (NASDAQ:MAT) Sets New 1-Year Low – What’s Next?

Mattel, Inc. (NASDAQ:MAT) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $14.06 and last traded at $15.86, with a volume of 9347818 shares trading hands. The stock had previously closed at $14.69.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MAT. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Morgan Stanley raised their target price on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Finally, DA Davidson upped their price target on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Mattel currently has an average rating of “Moderate Buy” and an average price target of $25.57.

Mattel Price Performance

The business has a fifty day moving average of $19.79 and a 200 day moving average of $19.09. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. The stock has a market cap of $4.86 billion, a PE ratio of 9.40, a P/E/G ratio of 2.35 and a beta of 0.51.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same quarter in the previous year, the company posted $0.29 earnings per share. Sell-side analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.

Institutional Investors Weigh In On Mattel

Several hedge funds and other institutional investors have recently modified their holdings of MAT. CIBC Asset Management Inc lifted its position in shares of Mattel by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 10,962 shares of the company’s stock worth $194,000 after purchasing an additional 601 shares during the last quarter. Clear Harbor Asset Management LLC raised its stake in Mattel by 5.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company’s stock valued at $229,000 after buying an additional 675 shares in the last quarter. Xponance Inc. lifted its holdings in Mattel by 1.6% during the 4th quarter. Xponance Inc. now owns 46,262 shares of the company’s stock worth $820,000 after buying an additional 739 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Mattel by 26.6% in the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock worth $63,000 after acquiring an additional 744 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Mattel by 150.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after acquiring an additional 926 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

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.