Mattel (NASDAQ:MAT) Shares Up 4.5% - Here's What Happened

Key Points

• Mattel shares rose 4.5% to about $13.89 in Monday trading, although volume was roughly 75% below the stock’s average daily volume.
• Analyst sentiment remains mixed: Mattel has a consensus “Hold” rating and a $17.80 price target, with recent downgrades from Goldman Sachs and Roth Capital contrasting with buy ratings from Argus and Odeon Capital.
• The company’s latest quarterly revenue increased 10.5% year over year to $1.13 billion, beating estimates, but EPS of $0.01 missed expectations of $0.04; an executive also sold 39,083 shares, reducing his position by 21.3%.

Mattel, Inc. (NASDAQ:MAT - Get Free Report)'s stock price traded up 4.5% during trading on Monday. The company traded as high as $13.82 and last traded at $13.8890. 1,171,941 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 4,657,006 shares. The stock had previously closed at $13.29.

Wall Street Analyst Weigh In

Several research analysts recently commented on MAT shares. Roth Capital dropped their price target on Mattel from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, July 14th. Argus restated a "buy" rating and set a $22.00 price objective on shares of Mattel in a research report on Tuesday, August 25th. Weiss Ratings lowered Mattel from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Odeon Capital Group started coverage on Mattel in a report on Thursday, July 16th. They issued a "buy" rating for the company. Finally, The Goldman Sachs Group downgraded Mattel from a "neutral" rating to a "sell" rating and cut their target price for the company from $15.00 to $12.00 in a research report on Thursday, July 9th. 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $17.80.

Mattel Price Performance

The company has a market capitalization of $3.80 billion, a P/E ratio of 9.76, a P/E/G ratio of 1.46 and a beta of 0.72. The firm's fifty day moving average is $14.39 and its 200 day moving average is $14.51. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.26 and a current ratio of 1.90.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data 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). Mattel had a return on equity of 16.20% and a net margin of 7.79%.The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the business earned $0.19 EPS. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, analysts predict that Mattel, Inc. will post 1.31 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Roberto Isaias sold 39,083 shares of the firm'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 sale, the executive vice president directly owned 144,390 shares of the company's stock, valued at approximately $2,168,737.80. This trade represents a 21.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company's stock.

Institutional Trading of Mattel

A number of hedge funds and other institutional investors have recently bought and sold shares of MAT. Sei Investments Co. grew its stake in Mattel by 107.3% in the first quarter. Sei Investments Co. now owns 2,159,405 shares of the company's stock worth $31,376,000 after purchasing an additional 1,117,726 shares in the last quarter. BlackRock Inc. bought a new stake in Mattel during the 2nd quarter valued at $363,273,000. Great Lakes Advisors LLC bought a new stake in Mattel during the 2nd quarter valued at $3,147,000. Bank of America Corp DE grew 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 worth $27,823,000 after buying an additional 244,094 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Mattel by 514.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 644,268 shares of the company's stock valued at $9,361,000 after buying an additional 539,373 shares during the period. Hedge funds and other institutional investors own 97.15% of the company's stock.

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.

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