Mattel (NASDAQ:MAT) Sets New 1-Year Low – What’s Next?

Mattel, Inc. (NASDAQ:MAT)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $13.55 and last traded at $13.6990, with a volume of 143905 shares changing hands. The stock had previously closed at $13.69.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th. Zacks Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Wall Street Zen lowered Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. JPMorgan Chase & Co. dropped their price target on Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Thursday, April 30th. Finally, The Goldman Sachs Group cut their price objective on Mattel from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.89.

Mattel Stock Performance

The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 1.25 and a beta of 0.72. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50. The stock has a 50-day moving average of $14.64 and a 200 day moving average of $16.90.

Mattel (NASDAQ:MAT) last released its earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. The company had revenue of $862.17 million for the quarter, compared to the consensus estimate of $808.38 million. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.03) EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, analysts expect that Mattel, Inc. will post 1.31 EPS for the current year.

Hedge Funds Weigh In On Mattel

Several large investors have recently bought and sold shares of the business. Redwood Investment Management LLC boosted its stake in Mattel by 31.3% in the first quarter. Redwood Investment Management LLC now owns 72,448 shares of the company’s stock valued at $1,053,000 after acquiring an additional 17,268 shares during the last quarter. Empowered Funds LLC raised its position in shares of Mattel by 26.5% during the 1st quarter. Empowered Funds LLC now owns 37,708 shares of the company’s stock valued at $548,000 after acquiring an additional 7,893 shares during the last quarter. Bank of America Corp DE raised its position in shares of Mattel by 14.6% during the 1st quarter. Bank of America Corp DE now owns 1,914,866 shares of the company’s stock valued at $27,823,000 after acquiring an additional 244,094 shares during the last quarter. Seven Six Capital Management LLC bought a new stake in shares of Mattel during the 1st quarter valued at $2,110,000. Finally, Kentucky Retirement Systems acquired a new position in shares of Mattel in the 1st quarter valued at $406,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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.