Mattel (NASDAQ:MAT) Hits New 52-Week Low – Here’s What Happened

Mattel, Inc. (NASDAQ:MAT) shares hit a new 52-week low on Wednesday . The company traded as low as $13.84 and last traded at $13.9050, with a volume of 1484819 shares trading hands. The stock had previously closed at $14.13.

Analysts Set New Price Targets

A number of equities analysts have commented on MAT shares. Argus raised shares of Mattel to a “strong-buy” rating in a research note on Friday, March 13th. Zacks Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. UBS Group reaffirmed a “buy” rating and set a $28.00 price objective on shares of Mattel in a report on Thursday, March 5th. JPMorgan Chase & Co. cut their target price 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. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.22.

Mattel Stock Performance

The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11. The company’s fifty day moving average is $14.75 and its 200 day moving average is $17.24. The company has a market cap of $4.08 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 1.23 and a beta of 0.72.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.04. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The business had revenue of $862.17 million during the quarter, compared to the consensus estimate of $808.38 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The firm’s revenue for the quarter 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, equities analysts predict that Mattel, Inc. will post 1.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mattel

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP bought a new position in Mattel during the 3rd quarter worth approximately $28,000. Los Angeles Capital Management LLC bought a new stake in Mattel in the fourth quarter valued at approximately $31,000. SJS Investment Consulting Inc. lifted its position in Mattel by 2,959.6% in the first quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock valued at $25,000 after purchasing an additional 1,687 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Mattel during the fourth quarter valued at approximately $36,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Mattel by 107.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after purchasing an additional 1,048 shares during the period. 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.