Mattel (NASDAQ:MAT) Sets New 12-Month Low at $16.17

Mattel, Inc. (NASDAQ:MAT – Get Rating) reached a new 52-week low on Monday . The stock traded as low as $16.17 and last traded at $16.38, with a volume of 335407 shares traded. The stock had previously closed at $16.70.

Analyst Ratings Changes

MAT has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price target on Mattel from $29.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, January 3rd. DA Davidson reaffirmed a “buy” rating and set a $23.00 price target on shares of Mattel in a research report on Thursday, March 9th. Bank of America cut their price target on shares of Mattel from $26.00 to $21.00 in a research note on Friday, February 10th. UBS Group lowered their price objective on shares of Mattel from $33.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, February 16th. Finally, TheStreet lowered Mattel from a “b-” rating to a “c+” rating in a research report on Wednesday, March 1st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Mattel currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

Mattel Trading Down 0.1 %

The business’s 50-day moving average is $19.13 and its two-hundred day moving average is $19.10. The company has a current ratio of 2.30, a quick ratio of 1.54 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $5.79 billion, a PE ratio of 15.07, a PEG ratio of 4.32 and a beta of 1.20.

Mattel (NASDAQ:MAT – Get Rating) last issued its earnings results on Wednesday, February 8th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.11). The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Mattel had a return on equity of 24.47% and a net margin of 7.25%. Mattel’s quarterly revenue was down 21.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. On average, analysts predict that Mattel, Inc. will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Mattel

A number of large investors have recently added to or reduced their stakes in MAT. Kinneret Advisory LLC lifted its holdings in Mattel by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 23,608 shares of the company’s stock worth $524,000 after buying an additional 528 shares in the last quarter. Synovus Financial Corp increased its position in shares of Mattel by 3.9% during the second quarter. Synovus Financial Corp now owns 14,929 shares of the company’s stock worth $330,000 after acquiring an additional 554 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Mattel by 5.3% in the first quarter. Raymond James & Associates now owns 12,092 shares of the company’s stock worth $269,000 after acquiring an additional 604 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Mattel by 74.7% in the second quarter. Meeder Asset Management Inc. now owns 1,555 shares of the company’s stock worth $35,000 after acquiring an additional 665 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in Mattel by 5.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 14,418 shares of the company’s stock valued at $320,000 after purchasing an additional 788 shares during the last quarter. 96.93% of the stock is owned by institutional investors and hedge funds.

About Mattel

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Mattel, Inc engages in the ownership of children’s and family entertainment franchises. It operates through the following segments: North America, International, and American Girl. The North America and International segments focus on marketing and selling toys and consumer products. The American Girl segment includes marketing, retailing, and publishing dedicated to its mission to help girls grow up with confidence and character.