In the latest trading session, 4.77 million Mattel, Inc (NASDAQ:MAT) shares changed hands as the company’s beta touched 0.69. With the company’s most recent per share price at $20.94 changing hands around $2.87 or 15.88% at last look, the market valuation stands at $7.05B. MAT’s last price was a premium, traded about 1.67% off its 52-week high of $20.59. The share price had its 52-week low at $15.87, which suggests the last value was 24.21% up since then. When we look at Mattel, Inc’s average trading volume, we note the 10-day average is 2.51 million shares, with the 3-month average coming to 3.17 million.
Analysts gave the Mattel, Inc (MAT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended MAT as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Mattel, Inc’s EPS for the current quarter is expected to be -0.09.
Mattel, Inc (NASDAQ:MAT) trade information
Instantly MAT is in green as seen in intraday trades today. With action 11.50%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 18.11%, with the 5-day performance at 11.50% in the green. However, in the 30-day time frame, Mattel, Inc (NASDAQ:MAT) is 16.72% up. Looking at the short shares, we see there were 13.67 million shares sold at short interest cover period of 4.65 days.
The consensus price target for the stock as assigned by Wall Street analysts is 22, meaning bulls need an upside of 4.82% from its recent market value. According to analyst projections, MAT’s forecast low is 20 with 22 as the target high. To hit the forecast high, the stock’s price needs a -5.06% plunge from its current level, while the stock would need to tank 4.49% for it to hit the projected low.
Mattel, Inc (MAT) estimates and forecasts
Data shows that the Mattel, Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 14.30% over the past 6 months, a -2.47% in annual growth rate that is considerably lower than the industry average of 11.80%. Year-over-year growth is forecast to reach 1.70% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 793.08M. 7 analysts are of the opinion that Mattel, Inc’s revenue for the current quarter will be 1.12B. The company’s revenue for the corresponding quarters a year ago was 809.5M and 1.08B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.03%. The estimates for the next quarter sales put growth at 3.35%.
The 2025 estimates are for Mattel, Inc earnings to increase by 1.64%, but the outlook for the next 5-year period is at 6.74% per year.
MAT Dividends
Mattel, Inc is expected to release its next quarterly earnings report in March. During the past 5 years, the average dividend yield was 5.17 per year.
Mattel, Inc (NASDAQ:MAT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.87% of Mattel, Inc shares while 98.48% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.35%. There are 98.48% institutions holding the Mattel, Inc stock share, with EDGEPOINT INVESTMENT GROUP INC. the top institutional holder. As of 2024-06-30, the company held 11.6905% of the shares, roughly 40.55 million MAT shares worth $659.39 million.
PRIMECAP MANAGEMENT CO/CA/ holds the second largest percentage of outstanding shares, with 11.1068% or 38.53 million shares worth $626.47 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard/Primecap Fund and iShares Core S&P Midcap ETF. With 25.16 shares estimated at $528.5 million under it, the former controlled 7.47% of total outstanding shares. On the other hand, iShares Core S&P Midcap ETF held about 3.24% of the shares, roughly 10.92 shares worth around $229.3 million.
