Mattel (NASDAQ:MAT) EVP Sells $587,026.66 in Stock

Mattel, Inc. (NASDAQ:MAT) EVP Roberto Isaias sold 39,083 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $15.02, for a total value of $587,026.66. Following the completion of the transaction, the executive vice president directly owned 144,390 shares in the company, valued at $2,168,737.80. This trade represents a 21.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mattel Stock Up 1.6%

Shares of MAT opened at $14.53 on Friday. The firm has a fifty day moving average price of $14.41 and a 200-day moving average price of $14.86. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $4.15 billion, a P/E ratio of 10.68, a P/E/G ratio of 1.57 and a beta of 0.72. Mattel, Inc. has a 12-month low of $12.73 and a 12-month high of $22.48.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a return on equity of 16.20% and a net margin of 7.79%.The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities research analysts expect that Mattel, Inc. will post 1.32 earnings per share for the current year.

Hedge Funds Weigh In On Mattel

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EdgePoint Investment Group Inc. raised its holdings in Mattel by 3.8% in the first quarter. EdgePoint Investment Group Inc. now owns 49,140,882 shares of the company’s stock worth $714,017,000 after purchasing an additional 1,799,640 shares in the last quarter. Primecap Management Co. CA purchased a new position in shares of Mattel in the 2nd quarter worth approximately $409,540,000. BlackRock Inc. purchased a new position in shares of Mattel in the 2nd quarter worth approximately $363,273,000. Dimensional Fund Advisors LP raised its stake in shares of Mattel by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,052,845 shares of the company’s stock worth $160,591,000 after acquiring an additional 783,102 shares in the last quarter. Finally, LSV Asset Management lifted its position in Mattel by 1.8% during the fourth quarter. LSV Asset Management now owns 6,126,432 shares of the company’s stock valued at $121,548,000 after acquiring an additional 108,622 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Roth Capital reduced their price objective on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Odeon Capital Group assumed coverage on Mattel in a research report on Thursday, July 16th. They set a “buy” rating on the stock. Wall Street Zen downgraded Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Citigroup dropped their target price on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, July 10th. Finally, Argus restated a “buy” rating and issued a $22.00 price target on shares of Mattel in a report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.