The stock of Mattel, Inc. (NASDAQ:MAT) last traded at $18.56, down -0.70% from the previous session.
MAT stock price is now -3.95% away from the 50-day moving average and -6.64% away from the 200-day moving average. The market capitalization of the company currently stands at $6.56B.
With the price target reduced from $24 to $19, JP Morgan Downgraded its rating from Overweight to Neutral for Mattel, Inc. (NASDAQ: MAT). On January 17, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $25 to quote $19, while ‘ROTH MKM’ rates the stock as ‘Neutral’
In other news, BRADLEY RICHARD TODD, Director sold 12,601 shares of the company’s stock on Aug 09 ’23. The stock was sold for $269,283 at an average price of $21.37. Upon completion of the transaction, the Director now directly owns 12,729 shares in the company, valued at $0.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07 ’23, SVP & Corporate Controller Hugh Yoon J. sold 7,608 shares of the business’s stock. A total of $161,670 was realized by selling the stock at an average price of $21.25. This leaves the insider owning 8,316 shares of the company worth $0.15 million. A total of 0.96% of the company’s stock is owned by insiders.
During the past 12 months, Mattel, Inc. has had a low of $16.20 and a high of $22.64. As of last week, the company has a debt-to-equity ratio of 1.24, a current ratio of 2.33, and a quick ratio of 1.90. According to the stock market information, the enterprise value for the company is $7.72B, which is based on a 30.83 price-to-earnings ratio, a 2.80 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for MAT is $19.33 and a two-hundred day moving average price translates $19.88 for the stock.
The latest earnings results from Mattel, Inc. (NASDAQ: MAT) was released for Dec, 2023. According to the Leisure Company, earnings per share came in at $0.29, missing analysts’ expectations of $0.31 by -0.02. This compares to $0.05 EPS in the same period last year. The net profit margin was 3.94% and return on equity was 10.19% for MAT. The company reported revenue of $1.62 billion for the quarter, compared to $1.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.6 percent. For the current quarter, analysts expect MAT to generate $833.04M in revenue.
