Mattel (NASDAQ:MAT) Share Price Breaks Below 200 Day Moving Average - Time to Sell?

Key Points

• Mattel shares slipped below their 200-day moving average, trading as low as $15.11 and last at $15.12; the stock was down 2.6%.
• Analysts’ consensus rating is Hold, with an average price target of $18.09. Recent views are mixed, ranging from buy ratings to sell ratings.
• Mattel reported quarterly EPS of $1.30, beating the $0.94 estimate, while revenue of $1.81 billion fell short of forecasts; revenue nevertheless rose 4.1% year over year.

Mattel, Inc. (NASDAQ:MAT - Get Free Report) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $15.26 and traded as low as $15.11. Mattel shares last traded at $15.12, with a volume of 3,708,590 shares traded.

Wall Street Analysts Forecast Growth

MAT has been the topic of a number of recent research reports. Citigroup decreased their price objective on Mattel from $17.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, November 6th. Argus reiterated a "buy" rating and issued a $22.00 price objective on shares of Mattel in a report on Tuesday, August 25th. Bank of America reiterated a "buy" rating and issued a $21.00 target price on shares of Mattel in a research note on Friday, November 6th. Seaport Research Partners raised Mattel from a "neutral" rating to a "buy" rating and set a $20.00 price objective on the stock in a report on Monday, October 12th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Mattel in a research note on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Mattel currently has an average rating of "Hold" and an average price target of $18.09.

Mattel Stock Down 2.6%

The stock has a fifty day simple moving average of $15.11 and a two-hundred day simple moving average of $15.26. The company has a current ratio of 1.98, a quick ratio of 1.43 and a debt-to-equity ratio of 1.00. The firm has a market cap of $4.32 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 1.68 and a beta of 0.59.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.36. Mattel had a return on equity of 20.02% and a net margin of 9.04%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The company's revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts expect that Mattel, Inc. will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of the company's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $15.02, for a total value of $587,026.66. Following the sale, the executive vice president owned 144,390 shares in the company, valued at approximately $2,168,737.80. This represents a 21.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Mattel

A number of large investors have recently added to or reduced their stakes in MAT. Caxton Associates LLP raised its holdings in Mattel by 5.2% in the 3rd quarter. Caxton Associates LLP now owns 211,028 shares of the company's stock worth $2,672,000 after purchasing an additional 10,347 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Mattel by 365.2% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,698 shares of the company's stock valued at $47,000 after buying an additional 2,903 shares in the last quarter. PEAK6 LLC bought a new stake in shares of Mattel in the third quarter valued at about $1,266,000. First Trust Advisors LP raised its position in shares of Mattel by 22.0% in the 3rd quarter. First Trust Advisors LP now owns 828,578 shares of the company's stock worth $10,490,000 after acquiring an additional 149,615 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in Mattel in the third quarter worth $1,559,000. Institutional investors own 97.15% of the company's stock.

About Mattel

Mattel, Inc. is a global toy and family entertainment company founded in 1945 and headquartered in El Segundo, California. It designs, manufactures, and markets toys and games, along with related consumer products and entertainment content. Its well-known brands include Barbie, Hot Wheels, Fisher-Price, American Girl, and UNO. Mattel also develops movies, television programs, digital games, and other content based on its brands, and licenses its intellectual property for products and experiences.

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