Georgiadis Mary Margaret Hasti acquired 12,660 shares in Mattel, Inc. (NASDAQ:MAT) for $116,788 in transaction occurred on 2017/08/01. After making this transaction, the CEO owns a direct stake of 248,263 shares, worth $1,583,645, as per the last closing price. On 2017/04/24 Scarborough Dean A, Director at MAT, purchased 47,000 shares at an average price of $21.95 per share. The new stake is valued at $1,051,890.
Separately, it had been reported that some other MAT insiders also took part of the insider trading activity. Executive Chairman, Sinclair Christopher A had invested in 9,610 shares for $95,594 through a trade on 2017/02/13. Following this activity, the insider holds 249,572 shares worth $1,296,255 as of recent close. Wall Street’s most bullish Mattel, Inc. (NASDAQ:MAT) analysts are predicting the share price to blow past $21 per share during the next 12 months. The current median share price forecast by them is $15, suggesting that the stock could increase 10.62% in that time frame. The average price target of $14.77 calls for a nearly 8.92% increase in the stock price.
Mattel, Inc. (MAT) trading activity significantly improved as the volume at ready counter increased to 3,678,602 shares versus 3,330,715 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 4,673,587 shares. The share price dropped -2.8% in recent trade and currently has a stock-market value of $4.68B. The shares finished at $13.56, after trading as low as $13.49 earlier in the session. It hit an intraday high Tuesday at $14.02. The stock is now 11.06% above against its bear-market low of $12.21 on April 20, 2018. It has retreated -39.23% since it’s 52-week high of $18.88 reached in January. Now the market price is down -19.53% on the year and down -11.83% YTD.
MAT’s 50 day simple moving average (SMA 50) price is $14.16 and its 200-day simple moving average (SMA 200) price is $15.12. The company’s stock currently has a total float of 343.74M shares. Its weekly volatility is hovering around 3.65% and felt 3.77% volatility in price over a month. On the upside, the share price will test short term resistance at around $13.89. On a downside, the stock is likely to find some support, which begins at $13.36. The failure to get near-term support could push it to $13.16.
It had seen a negative analyst call from UBS, which downgraded the stock from Buy to Neutral on June 19. Analysts at Jefferies, shed their negative views on April 11 by lifting it fromUnderperform to Hold. The stock lost favor of Jefferies analysts who expressed their lack of confidence in it using a downgrade from Hold to Underperform on February 26. Citigroup, reiterated their call for Buy, on February 06. On the other hand, they had set new target price to $20 versus $19.
Moreover, it trades for 205.45 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 7.03x price/book and 1.02x price/sales. Compared to others, Mattel, Inc. is in a different league with regards to profitability, having net margins of -18%. To put some perspective around this, the industry’s average net margin is 13.34%. MAT’s ROE is -92.7%, which is also considerably worse than the industry’s ROE of 12.08%. It’s also very liquid in the near term, with a current ratio of 1.7. The stock has a debt/capital of 4.69.
Shares of Mattel, Inc. (MAT) have gained 0.8% since the company’s last earnings report. Over the past 12 fiscal quarters, Mattel, Inc. (NASDAQ:MAT) has topped consensus earnings estimates in 3 quarters (25%), missed earnings in 8 quarters (66%), whereas at 1 occasion EPS met analyst expectations. MAT last reported earnings on October 25, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.18 per share, -98.17% change on the same period last year. That was worse than consensus for $0.2. Revenue for the recent quarter stood at $1.44 billion, down -10% on last year and below the $1.49 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.39 billion to $1.55 billion, which should be compared with $1.78 billion generated last year. EPS is seen in a range of -$3.80E-01 to $0.08, against the $0.5 reported a year ago.