Mattel, Inc. (NASDAQ:MAT) EVP Sells $407,763.65 in Stock

Mattel, Inc. (NASDAQ:MAT) EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $18.83, for a total transaction of $407,763.65. Following the completion of the transaction, the executive vice president now directly owns 106,086 shares in the company, valued at $1,997,599.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mattel Price Performance

Shares of Mattel stock traded up $0.12 on Thursday, reaching $18.87. The stock had a trading volume of 2,462,467 shares, compared to its average volume of 3,010,212. The business’s 50 day moving average is $19.10 and its two-hundred day moving average is $18.92. The company has a current ratio of 2.49, a quick ratio of 1.88 and a debt-to-equity ratio of 1.15. Mattel, Inc. has a 1 year low of $16.20 and a 1 year high of $22.64. The company has a market cap of $6.49 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 1.18 and a beta of 0.98.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The business 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 firm posted ($0.24) EPS. Mattel’s revenue was down .6% on a year-over-year basis. As a group, research analysts anticipate that Mattel, Inc. will post 1.4 EPS for the current year.

Institutional Investors Weigh In On Mattel

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp increased its stake in Mattel by 23.3% in the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock valued at $64,000 after acquiring an additional 550 shares during the last quarter. Oak Family Advisors LLC increased its position in shares of Mattel by 0.9% during the 4th quarter. Oak Family Advisors LLC now owns 60,189 shares of the company’s stock valued at $1,136,000 after purchasing an additional 559 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Mattel by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 154,594 shares of the company’s stock valued at $3,406,000 after buying an additional 780 shares in the last quarter. Panagora Asset Management Inc. lifted its position in Mattel by 7.4% in the 4th quarter. Panagora Asset Management Inc. now owns 11,861 shares of the company’s stock worth $224,000 after buying an additional 816 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in Mattel by 4.6% in the first quarter. Private Advisor Group LLC now owns 19,526 shares of the company’s stock worth $387,000 after buying an additional 860 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

MAT has been the topic of a number of research analyst reports. Stifel Nicolaus dropped their target price on shares of Mattel from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. cut Mattel from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $24.00 to $19.00 in a research report on Monday, February 5th. Citigroup increased their price target on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Morgan Stanley restated an “equal weight” rating and issued a $19.00 price objective (down from $25.00) on shares of Mattel in a research note on Wednesday, January 17th. Finally, StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mattel presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.78.

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.