Mattel, Inc (NASDAQ: MAT) is -5.61% lower on its value in year-to-date trading and has touched a low of $15.87 and a high of $20.59 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MAT stock was last observed hovering at around $17.86 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $17.82, the stock is -5.43% and -5.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.23 million and changing -0.22% at the moment leaves the stock -4.11% off its SMA200. MAT registered -6.46% loss for a year compared to 6-month gain of 8.07%. The firm has a 50-day simple moving average (SMA 50) of $18.9828 and a 200-day simple moving average (SMA200) of $18.5928.
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The stock witnessed a -3.05% loss in the last 1 month and extending the period to 3 months gives it a -6.99%, and is -5.56% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.94% over the week and 2.65% over the month.
Mattel, Inc (MAT) has around 33000 employees, a market worth around $6.00B and $5.35B in sales. Current P/E ratio is 11.20 and Fwd P/E is 11.23. Profit margin for the company is 10.24%. Distance from 52-week low is 12.29% and -13.47% from its 52-week high. The company has generated returns on investments over the last 12 months (11.25%).
with sales reaching $1.62B over the same period.The EPS is expected to grow by 19.27% this year, but quarterly earnings will post -1.33% year-over-year. Quarterly sales are estimated to grow 0.14% in year-over-year returns.
Mattel, Inc (MAT) Top Institutional Holders
510.0 institutions hold shares in Mattel, Inc (MAT), with institutional investors hold 98.62% of the company’s shares. The shares outstanding are 336.90M, and float is at 333.79M with Short Float at 3.88%. Institutions hold 97.76% of the Float.
The top institutional shareholder in the company is EDGEPOINT INVESTMENT GROUP INC. with over 40.55 million shares valued at $659.39 million. The investor’s holdings represent 11.6905% of the MAT Shares outstanding. As of 2024-06-30, the second largest holder is PRIMECAP MANAGEMENT CO/CA/ with 38.53 million shares valued at $626.47 million to account for 11.1068 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 33.38 million shares representing 9.6234% and valued at over $542.8 million, while BLACKROCK INC. holds 9.2575 of the shares totaling 32.11 million with a market value of $522.16 million.
Mattel, Inc (MAT) Insider Activity
The most recent transaction is an insider sale by TOTZKE STEVE, the company’s President, Chief Comm Officer. SEC filings show that TOTZKE STEVE sold 45,216 shares of the company’s common stock on May 13 ’24 at a price of $18.90 per share for a total of $0.85 million. Following the sale, the insider now owns 0.1 million shares.
Mattel, Inc disclosed in a document filed with the SEC on May 09 ’24 that TOTZKE STEVE (President, Chief Comm Officer) sold a total of 23,662 shares of the company’s common stock. The trade occurred on May 09 ’24 and was made at $18.89 per share for $0.45 million. Following the transaction, the insider now directly holds 0.15 million shares of the MAT stock.
Still, SEC filings show that on May 10 ’24, TOTZKE STEVE (President, Chief Comm Officer) disposed off 4,900 shares at an average price of $18.90 for $92610.0. The insider now directly holds 147,118 shares of Mattel, Inc (MAT).
