Mattel Inc. (NASDAQ:MAT) has a beta value of 1.49 and has seen 0.88 million shares traded in the last trading session. The company, currently valued at $7.45B, closed the last trade at $21.51 per share which meant it gained $0.15 on the day or 0.70% during that session. The MAT stock price is -8.37% off its 52-week high price of $23.31 and 51.0% above the 52-week low of $10.54. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.57 million shares traded. The 3-month trading volume is 2.42 million shares.
The consensus among analysts is that Mattel Inc. (MAT) is an Overweight stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 15 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.73.
Mattel Inc. (NASDAQ:MAT) trade information
Sporting 0.70% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the MAT stock price touched $21.51 or saw a rise of 2.4%. Year-to-date, Mattel Inc. shares have moved 23.27%, while the 5-day performance has seen it change -2.32%. Over the past 30 days, the shares of Mattel Inc. (NASDAQ:MAT) have changed -1.74%. Short interest in the company has seen 13.59 million shares shorted with days to cover at 7.83.
Wall Street analysts have a consensus price target for the stock at $26.88, which means that the shares’ value could jump 19.98% from current levels. The projected low price target is $24.00 while the price target rests at a high of $32.00. In that case, then, we find that the current price level is -48.77% off the targeted high while a plunge would see the stock gain -11.58% from current levels.
Mattel Inc. (MAT) estimates and forecasts
Figures show that Mattel Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 4.98% over the past 6 months, with this year growth rate of 94.44%, compared to -4.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -23.20% and -7.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 13.90%.
11 analysts offering their estimates for the company have set an average revenue estimate of $1.67 billion for the current quarter. 11 have an estimated revenue figure of $1.64 billion for the next quarter concluding in Dec 2021. Year-ago sales stood $1.63 billion and $1.63 billion respectively for this quarter and the next, and analysts expect sales will grow by 2.50% for the current quarter and 0.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -19.60% over the past 5 years. Earnings growth for 2021 is a modest 158.80% while over the next 5 years, the company’s earnings are expected to increase by 10.00%.
Mattel Inc. is expected to release its next earnings report between October 20 and October 25 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Mattel Inc. (NASDAQ:MAT)’s Major holders
Insiders own 0.38% of the company shares, while shares held by institutions stand at 97.44% with a share float percentage of 97.82%. Investors are also buoyed by the number of investors in a company, with Mattel Inc. having a total of 419 institutions that hold shares in the company. The top two institutional holders are Primecap Management Company with over 47.19 million shares worth more than $939.99 million. As of Mar 30, 2021, Primecap Management Company held 13.53% of shares outstanding.
The other major institutional holder is Edgepoint Investment Group Inc., with the holding of over 46.95 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $935.15 million and represent 13.46% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard/Primecap Fund and Growth Fund Of America Inc. As of Mar 30, 2021, the former fund manager holds about 7.89% shares in the company for having 27.52 million shares of worth $548.17 million while later fund manager owns 15.33 million shares of worth $305.46 million as of Mar 30, 2021, which makes it owner of about 4.40% of company’s outstanding stock.