Mattel (NASDAQ:MAT) Sets New 52-Week Low at $16.04

Mattel, Inc. (NASDAQ:MAT - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $16.04 and last traded at $16.08, with a volume of 289700 shares trading hands. The stock had previously closed at $16.38.

Analyst Ratings Changes

A number of analysts have recently issued reports on MAT shares. Bank of America boosted their target price on shares of Mattel from $25.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, April 24th. Roth Mkm restated a "neutral" rating and issued a $21.00 price objective on shares of Mattel in a report on Wednesday, April 24th. Citigroup lifted their price objective on Mattel from $25.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, April 24th. Jefferies Financial Group lifted their price objective on Mattel from $19.00 to $20.00 and gave the company a "hold" rating in a report on Friday, March 15th. Finally, DA Davidson lifted their price objective on Mattel from $26.00 to $27.00 and gave the company a "buy" rating in a report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Mattel currently has a consensus rating of "Moderate Buy" and an average target price of $22.78.

Mattel Price Performance

The firm has a market capitalization of $5.56 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.04 and a beta of 0.86. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.49 and a quick ratio of 1.88. The stock's fifty day simple moving average is $17.64 and its 200 day simple moving average is $18.48.

Mattel (NASDAQ:MAT - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.07. The business had revenue of $809.50 million during the quarter, compared to the consensus estimate of $833.52 million. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The firm's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.24) earnings per share. On average, equities research analysts predict that Mattel, Inc. will post 1.4 EPS for the current year.

Insider Transactions at Mattel

In other news, insider Steve Totzke sold 23,662 shares of the business's stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $18.89, for a total transaction of $446,975.18. Following the sale, the insider now owns 152,018 shares in the company, valued at $2,871,620.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Steve Totzke sold 23,662 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $18.89, for a total value of $446,975.18. Following the transaction, the insider now owns 152,018 shares in the company, valued at approximately $2,871,620.02. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $18.83, for a total transaction of $407,763.65. Following the completion of the transaction, the executive vice president now owns 106,086 shares in the company, valued at approximately $1,997,599.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,533 shares of company stock worth $1,709,321. Insiders own 1.50% of the company's stock.

Institutional Investors Weigh In On Mattel

Hedge funds and other institutional investors have recently made changes to their positions in the company. Trust Co. of Vermont grew its stake in shares of Mattel by 833.3% during the 3rd quarter. Trust Co. of Vermont now owns 1,120 shares of the company's stock worth $25,000 after purchasing an additional 1,000 shares during the period. GAMMA Investing LLC grew its stake in Mattel by 108.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company's stock valued at $33,000 after acquiring an additional 1,052 shares during the period. Partnership Wealth Management LLC acquired a new stake in Mattel in the 4th quarter valued at $61,000. Lazard Asset Management LLC acquired a new stake in Mattel in the 1st quarter valued at $76,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Mattel in the 1st quarter valued at $76,000. Institutional investors and hedge funds 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.