Mattel, Inc. (NASDAQ:MAT) insider Christopher A. Sinclair acquired 9,610 shares of the business’s stock in a transaction dated Monday, February 13th. The shares were acquired at an average cost of $25.97 per share, with a total value of $249,571.70. Following the transaction, the insider now owns 95,594 shares in the company, valued at $2,482,576.18. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Mattel, Inc. (NASDAQ:MAT) opened at 25.69 on Wednesday. The firm has a 50 day moving average of $28.13 and a 200-day moving average of $30.66. The stock has a market cap of $8.80 billion, a PE ratio of 27.92 and a beta of 0.90. Mattel, Inc. has a 12-month low of $25.17 and a 12-month high of $34.76.
Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Wednesday, January 25th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.71 by $0.19. Mattel had a return on equity of 15.52% and a net margin of 5.83%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the firm earned $0.67 EPS. The company’s revenue was down 8.3% on a year-over-year basis. On average, analysts expect that Mattel, Inc. will post $1.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Thursday, February 16th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 5.92%. The ex-dividend date is Tuesday, February 14th. Mattel’s dividend payout ratio (DPR) is presently 167.03%.
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A number of research analysts recently weighed in on MAT shares. Goldman Sachs Group, Inc. (The) started coverage on shares of Mattel in a research note on Monday. They set a “neutral” rating and a $27.00 target price on the stock. B. Riley restated a “buy” rating and set a $35.00 target price on shares of Mattel in a research note on Tuesday, January 31st. BMO Capital Markets restated an “outperform” rating and set a $36.00 target price on shares of Mattel in a research note on Saturday, January 28th. Vetr upgraded shares of Mattel from a “hold” rating to a “strong-buy” rating and set a $30.97 target price on the stock in a research note on Monday, January 30th. Finally, Stifel Nicolaus lowered their target price on shares of Mattel from $34.00 to $26.00 and set a “hold” rating on the stock in a research note on Friday, January 27th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mattel currently has a consensus rating of “Buy” and a consensus target price of $32.12.
A number of hedge funds and other institutional investors have recently bought and sold shares of MAT. Sumitomo Mitsui Asset Management Company LTD boosted its position in Mattel by 1.2% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 25,943 shares of the company’s stock valued at $811,000 after buying an additional 312 shares during the period. DT Investment Partners LLC boosted its position in Mattel by 19.3% in the second quarter. DT Investment Partners LLC now owns 24,219 shares of the company’s stock valued at $758,000 after buying an additional 3,913 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Mattel by 2.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,010,332 shares of the company’s stock valued at $31,613,000 after buying an additional 25,015 shares during the period. BTC Capital Management Inc. purchased a new position in Mattel during the second quarter valued at approximately $945,000. Finally, Bank of New York Mellon Corp boosted its position in Mattel by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 10,548,923 shares of the company’s stock valued at $330,074,000 after buying an additional 291,707 shares during the period. Institutional investors own 95.98% of the company’s stock.
Mattel Company Profile
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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