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 stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value 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 approximately $1,997,599.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Mattel Stock Performance

NASDAQ:MAT traded up $0.12 on Thursday, hitting $18.87. The company’s stock had a trading volume of 2,462,467 shares, compared to its average volume of 3,010,212. Mattel, Inc. has a one year low of $16.20 and a one year high of $22.64. The firm has a market capitalization 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. The stock has a fifty day moving average of $19.10 and a two-hundred day moving average of $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 (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The business had revenue of $809.50 million for the quarter, compared to analysts’ expectations of $833.52 million. During the same quarter in the prior year, the business earned ($0.24) EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Research analysts predict that Mattel, Inc. will post 1.4 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Mattel by 0.4% during the third quarter. Vanguard Group Inc. now owns 34,317,700 shares of the company’s stock worth $756,019,000 after buying an additional 142,123 shares in the last quarter. Capital International Investors raised its stake in Mattel by 7.4% in the 4th quarter. Capital International Investors now owns 18,386,007 shares of the company’s stock worth $347,128,000 after purchasing an additional 1,272,018 shares in the last quarter. Victory Capital Management Inc. raised its stake in Mattel by 12.9% in the 4th quarter. Victory Capital Management Inc. now owns 7,541,422 shares of the company’s stock worth $142,382,000 after purchasing an additional 861,638 shares in the last quarter. HS Management Partners LLC boosted its holdings in Mattel by 21.5% in the 4th quarter. HS Management Partners LLC now owns 4,603,400 shares of the company’s stock valued at $86,912,000 after purchasing an additional 813,500 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Mattel by 21.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,039,571 shares of the company’s stock worth $76,272,000 after purchasing an additional 716,558 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MAT. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Bank of America lifted their price target on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Roth Mkm restated a “neutral” rating and set a $21.00 price objective on shares of Mattel in a research note on Wednesday, April 24th. TheStreet downgraded Mattel from a “b-” rating to a “c+” rating in a research report on Wednesday, January 24th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $19.00 price target (down from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.