Mattel (NASDAQ:MAT) Reaches New 52-Week Low – Time to Sell?

Shares of Mattel, Inc. (NASDAQ:MAT) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $12.53 and last traded at $12.9040, with a volume of 1725320 shares changing hands. The stock had previously closed at $13.22.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MAT. Argus reaffirmed a “buy” rating and issued a $22.00 price target on shares of Mattel in a report on Tuesday, August 25th. Weiss Ratings cut Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Citigroup decreased their price objective on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. The Goldman Sachs Group cut Mattel from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $15.00 to $12.00 in a report on Thursday, July 9th. Finally, Roth Capital cut their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.80.

Mattel Stock Down 4.2%

The stock’s fifty day moving average is $14.35 and its two-hundred day moving average is $14.47. 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 cap of $3.62 billion, a P/E ratio of 9.33, a price-to-earnings-growth ratio of 1.47 and a beta of 0.72.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm 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 business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, research analysts anticipate that Mattel, Inc. will post 1.31 earnings per share for the current year.

Insider Transactions at Mattel

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of the business’s stock in a transaction that occurred 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 owned 144,390 shares of the company’s stock, valued at $2,168,737.80. The trade was a 21.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Mattel

Hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC increased its stake in Mattel by 184.6% in the second quarter. Tidal Investments LLC now owns 160,814 shares of the company’s stock valued at $2,232,000 after acquiring an additional 104,302 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Mattel during the second quarter worth about $37,000. Squarepoint Ops LLC boosted its holdings in shares of Mattel by 47.0% in the 2nd quarter. Squarepoint Ops LLC now owns 3,481,088 shares of the company’s stock worth $48,318,000 after purchasing an additional 1,112,467 shares in the last quarter. Nykredit A S purchased a new position in shares of Mattel in the 2nd quarter worth about $105,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Mattel during the 2nd quarter valued at about $271,000. 97.15% of the stock is owned by institutional investors.

About Mattel

Mattel, Inc is a global toy and entertainment company that designs, manufactures and markets toys, games and consumer products. Its portfolio includes well-known brands such as Barbie, Hot Wheels, Fisher-Price, Matchbox, American Girl, UNO, Thomas & Friends and Masters of the Universe.

The company also develops entertainment and experiences based on its intellectual property, including content, films, television projects, digital games, live events and location-based attractions. Mattel generates additional business through licensing its brands for products and services produced by other companies.

Founded in 1945 and headquartered in El Segundo, California, Mattel serves consumers in markets around the world through retail, e-commerce and other distribution channels.