Mattel (NASDAQ:MAT) Trading Down 3.8%

Mattel, Inc. (NASDAQ:MAT) fell 3.8% on Tuesday . The company traded as low as $17.85 and last traded at $17.97. 1,660,854 shares were traded during trading, a decline of 51% from the average session volume of 3,381,330 shares. The stock had previously closed at $18.68.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MAT. Citigroup boosted their price objective on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Bank of America boosted their price objective on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Roth Mkm reissued a “neutral” rating and set a $21.00 price objective on shares of Mattel in a research note on Wednesday, April 24th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $27.00 price target on shares of Mattel in a research note on Monday. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.63.

Mattel Trading Down 5.5 %

The company has a 50 day moving average of $17.24 and a 200-day moving average of $18.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.88 and a current ratio of 2.49. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 1.04 and a beta of 0.86.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.07. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The firm had revenue of $809.50 million for the quarter, compared to analyst estimates of $833.52 million. During the same quarter in the prior year, the company earned ($0.24) EPS. Mattel’s revenue was down .6% on a year-over-year basis. On average, research analysts anticipate that Mattel, Inc. will post 1.4 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Steve Totzke sold 45,216 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $18.90, for a total transaction of $854,582.40. Following the transaction, the insider now owns 101,902 shares of the company’s stock, valued at approximately $1,925,947.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Mattel news, insider Steve Totzke sold 45,216 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $18.90, for a total transaction of $854,582.40. Following the sale, the insider now owns 101,902 shares in the company, valued at approximately $1,925,947.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $18.83, for a total value of $407,763.65. Following the sale, the executive vice president now owns 106,086 shares in the company, valued at approximately $1,997,599.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,533 shares of company stock valued at $1,709,321. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Mattel

Several large investors have recently bought and sold shares of the stock. Fifth Third Wealth Advisors LLC purchased a new position in shares of Mattel in the 2nd quarter valued at about $189,000. Krilogy Financial LLC increased its holdings in shares of Mattel by 23.2% in the 2nd quarter. Krilogy Financial LLC now owns 68,554 shares of the company’s stock valued at $1,115,000 after acquiring an additional 12,898 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Mattel by 143.2% in the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after acquiring an additional 1,220 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Mattel in the 2nd quarter valued at about $1,579,000. Finally, SG Americas Securities LLC purchased a new position in shares of Mattel in the 2nd quarter valued at about $312,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.