Mattel, Inc (NASDAQ:MAT) shares traded 4.68% higher at $17.43 on Wall Street last session.
MAT stock price is now -3.25% away from the 50-day moving average and -7.36% away from the 200-day moving average. The market capitalization of the company currently stands at $5.63B.
With the price target enhanced from $20 to $28, Jefferies Upgraded its rating from Hold to Buy for Mattel, Inc (NASDAQ: MAT). On February 05, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $24 to quote $19, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, TOTZKE STEVE, President, Chief Comm Officer sold 45,216 shares of the company’s stock on May 13 ’24. The stock was sold for $854,582 at an average price of $18.90. Upon completion of the transaction, the President, Chief Comm Officer now directly owns 101,902 shares in the company, valued at $1.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, President, Chief Comm Officer TOTZKE STEVE sold 23,662 shares of the business’s stock. A total of $446,999 was realized by selling the stock at an average price of $18.89. This leaves the insider owning 152,018 shares of the company worth $2.65 million. A total of 0.75% of the company’s stock is owned by insiders.
During the past 12 months, Mattel, Inc has had a low of $13.94 and a high of $22.07. As of last week, the company has a debt-to-equity ratio of 1.26, a current ratio of 2.43, and a quick ratio of 1.86.
The net profit margin was 9.82% and return on equity was 25.50% for MAT. The company reported revenue of $826.63 million for the quarter, compared to $809.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.11 percent.
