Mattel, Inc. (NASDAQ: MAT) stock fell -1.81% on Monday to $18.40 against a previous-day closing price of $18.74. With 2.91 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.19 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $18.75 whereas the lowest price it dropped to was $18.38. The 52-week range on MAT shows that it touched its highest point at $22.64 and its lowest point at $15.36 during that stretch. It currently has a 1-year price target of $23.75. Beta for the stock currently stands at 1.14.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MAT was up-trending over the past week, with a rise of 0.88%, but this was down by -10.07% over a month. The stock gained 6.48% in the past year, while it has gained 3.14% so far this year. A look at the trailing 12-month EPS for MAT yields 0.23 with Next year EPS estimates of 1.42. For the next quarter, that number is 0.33. This implies an EPS growth rate of 1.54% for this year and 12.02% for next year.
Float and Shares Shorts:
At present, 354.40 million MAT shares are outstanding with a float of 350.44 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.85 million, which was 1.93% higher than short shares on Sep 28, 2023. In addition to Mr. Ynon Kreiz as the firm’s Executive Chairman & CEO, Mr. Steve Totzke serves as its President & Chief Commercial Officer.
Institutional Ownership:
Through their ownership of 99.20% of MAT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 70.06% of MAT, in contrast to 24.76% held by mutual funds. Shares owned by individuals account for 1.81%. As the largest shareholder in MAT with 11.79% of the stake, Edgepoint Investment Group, Inc. holds 41,735,406 shares worth 41,735,406. A second-largest stockholder of MAT, PRIMECAP Management Co., holds 41,616,789 shares, controlling over 11.75% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in MAT, holding 33,858,685 shares or 9.56% stake. With a 7.47% stake in MAT, the Vanguard PRIMECAP Fund is the largest stakeholder. A total of 26,455,838 shares are owned by the mutual fund manager. The EdgePoint Global Portfolio, which owns about 7.05% of MAT stock, is the second-largest Mutual Fund holder. It holds 24,974,812 shares valued at 476.52 million. American Funds Growth Fund of Ame holds 4.58% of the stake in MAT, owning 16,232,042 shares worth 309.71 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MAT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MAT analysts setting a high price target of $26.00 and a low target of $19.00, the average target price over the next 12 months is $23.75. Based on these targets, MAT could surge 41.3% to reach the target high and rise by 3.26% to reach the target low. Reaching the average price target will result in a growth of 29.08% from current levels.
Dividends & Yield:
In terms of dividends, MAT has a current ratio of $–, which is $– over the trailing 12-months, while a dividend of $1.31 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and MAT currently yields $1.03. In the past year, MAT’s dividend yield has been $1.03, but when looking at the stock over the past five years, its yield has been $5.51. Accordingly, MAT has a current buyback yield of $–. This was $– for the TTM, and it was $– for the past five years.
Summary of Insider Activity:
Insiders traded MAT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 39 while that of sell transactions has risen to 40 over the past year. The total number of shares bought during that period was 2,030,753 while 1,153,549 shares were sold.
