Zanatta Roberto Jacobo Isaias Sells 39,083 Shares of Mattel (NASDAQ:MAT) Stock

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

Mattel Stock Up 0.3%

Mattel stock traded up $0.05 during mid-day trading on Wednesday, reaching $14.64. 2,476,863 shares of the company were exchanged, compared to its average volume of 4,720,089. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.26 and a current ratio of 1.90. The firm has a market cap of $4.18 billion, a P/E ratio of 10.76, a PEG ratio of 1.44 and a beta of 0.72. The business has a fifty day moving average of $14.38 and a 200 day moving average of $14.88. Mattel, Inc. has a 12-month low of $12.73 and a 12-month high of $22.48.

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

Institutional Investors Weigh In On Mattel

A number of large investors have recently made changes to their positions in MAT. Sei Investments Co. lifted its position in Mattel by 107.3% during the 1st quarter. Sei Investments Co. now owns 2,159,405 shares of the company’s stock worth $31,376,000 after acquiring an additional 1,117,726 shares during the period. BlackRock Inc. acquired a new position in shares of Mattel in the second quarter valued at about $363,273,000. K.J. Harrison & Partners Inc increased its holdings in shares of Mattel by 1,323.5% in the fourth quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company’s stock valued at $4,801,000 after purchasing an additional 225,000 shares during the period. Great Lakes Advisors LLC purchased a new position in shares of Mattel in the second quarter worth about $3,147,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Mattel by 514.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 644,268 shares of the company’s stock worth $9,361,000 after purchasing an additional 539,373 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MAT shares. The Goldman Sachs Group lowered shares of Mattel from a “neutral” rating to a “sell” rating and cut their price target for the stock from $15.00 to $12.00 in a report on Thursday, July 9th. Roth Capital decreased their price objective on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. Argus restated a “buy” rating and set a $22.00 target price on shares of Mattel in a research note on Tuesday, August 25th. Finally, Citigroup reduced their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently 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.