Mattel, Inc. (NASDAQ:MAT) EVP Zanatta Roberto Jacobo Isaias Sells 21,655 Shares

Mattel, Inc. (NASDAQ:MAT) EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of Mattel stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total transaction of $407,763.65. Following the completion of the sale, the executive vice president now owns 106,086 shares in the company, valued at approximately $1,997,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mattel Stock Up 0.6 %

Shares of Mattel stock opened at $18.87 on Friday. The company has a 50-day simple moving average of $19.08 and a two-hundred day simple moving average of $18.92. The stock has a market capitalization of $6.49 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 1.18 and a beta of 0.98. Mattel, Inc. has a 52-week low of $16.20 and a 52-week high of $22.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.88 and a current ratio of 2.49.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data 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 company had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. During the same period in the previous year, the business earned ($0.24) EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts anticipate that Mattel, Inc. will post 1.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MAT. TheStreet lowered shares of Mattel from a “b-” rating to a “c+” rating in a research note on Wednesday, January 24th. Citigroup lifted their price target on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Stifel Nicolaus decreased their price objective on Mattel from $26.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Morgan Stanley reissued an “equal weight” rating and set a $19.00 price objective (down previously from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. Finally, StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.78.

Hedge Funds Weigh In On Mattel

Several hedge funds and other institutional investors have recently bought and sold shares of MAT. State Board of Administration of Florida Retirement System grew its stake in shares of Mattel by 4.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 366,490 shares of the company’s stock worth $6,747,000 after acquiring an additional 15,775 shares during the period. Edmond DE Rothschild Holding S.A. boosted its holdings in Mattel by 1.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 710,000 shares of the company’s stock worth $14,065,000 after purchasing an additional 10,000 shares during the last quarter. Texas Permanent School Fund Corp grew its position in Mattel by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 309,146 shares of the company’s stock worth $6,124,000 after purchasing an additional 4,136 shares during the period. Capstone Investment Advisors LLC raised its stake in Mattel by 46.1% during the 1st quarter. Capstone Investment Advisors LLC now owns 82,939 shares of the company’s stock valued at $1,643,000 after buying an additional 26,157 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Mattel by 43.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,458 shares of the company’s stock valued at $286,000 after buying an additional 4,359 shares during the period. 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.