Mattel, Inc. (NASDAQ:MAT) recovered 18.04% of its value since hitting low of $9.09. The recent move of -2.45% drop pushed the stock to close at $10.73 when trading ended on 6/24/2019. At a recent session, the prices were hovering between $10.67 and $11. This company shares are 30.1% off its target price of $13.96 and the current market capitalization stands at $3.81B. The recent change has given its price a -7.31% deficit over SMA 50 and -39.72% deficit over its 52-week high. The stock witnessed -2.19% declines, -19.2% declines and 6.87% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MAT’s volatility during a week at 4.34% and during a month it has been found around 4.64%.
What Does Mattel, Inc. (MAT) Do?
The company describes itself in regulatory filings as, “Mattel, Inc. engages in the design, manufacture, and sale of toys. It operates through the following segments: North America, International and American Girl. The North America and International segment markets and sells toys in U.S. and Canada through the Mattel Girls & Boys, Fisher-Price, Construction and Arts & Crafts Brands. The American Girl Brands segment markets and sells historical dolls, books and accessories through Truly Me, Girl of the Year, Bitty Baby, and WellieWishers brands. The company was founded by Elliot Handler, Ruth Handler and Harold Matson in 1945 and is headquartered in El Segundo, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/MAT/profile under company description.]Mattel, Inc. (MAT) Top Holders
Institutional investors currently hold around $4.77 billion or 0% in MAT stock. Look at its top three institutional owners: Primecap Management Co/Ca/ owns $559.24 million in Mattel, Inc., which represents roughly 14.68% of the company’s market cap and approximately 11.72% of the institutional ownership. Similar statistics are true for the second largest owner, Dodge & Cox, which owns 37,018,261 shares of the stock are valued at $407.2 million. The third largest holder is Vanguard Group Inc, which currently holds $406.03 million worth of this stock and that ownership represents nearly 10.66% of its market capitalization.
At the end of March reporting period, 165 institutional holders increased their position in Mattel, Inc. (NASDAQ:MAT) by some 30,713,416 shares, 173 decreased positions by 32,480,567 and 81 held positions by 370,505,109. That puts total institutional holdings at 433,699,092 shares, according to SEC filings. The stock grabbed 53 new institutional investments totaling 5,279,172 shares while 31 institutional investors sold out their entire positions totaling 5,133,576 shares.Mattel, Inc. (NASDAQ:MAT) Insider Trades
Multiple company employees have indulged in significant insider trading. Mattel, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director DOLAN MICHAEL J has acquired 30,000 shares of Mattel, Inc. (MAT) in the trading session dated Feb. 22, 2019. These shares are worth $418,800 and were traded at $13.96 each. The SEC filing shows that EUTENEUER JOSEPH J performed a purchase of 20,000 shares. The CFO added these shares by way of transaction on Feb. 22, 2019. The company’s shares were assimilated at $13.95 per share worth to an investment of some $279,000 to the account of EUTENEUER JOSEPH J.
Chairman & CEO, Kreiz Ynon, purchased 71,425 common shares of Mattel, Inc. (MAT) in the open market. In a transaction dated Feb. 21, 2019, the shares were bought at an average price of $14.02, giving away a sum of $1,001,379. After this purchase, 71,425 common shares of MAT are directly owned by the insider, with total stake valued at $766,390.
In the transaction dated Feb. 19, 2019, a great number of shares acquired came courtesy the Director; Lynch Roger added a total of 8,000 shares at an average price of $13.5, amounting to approximately $108,000. The insider now directly owns 8,000 shares worth $85,840.Mattel, Inc. (MAT) Analyst Guide
Several analysts have released their opinion on Mattel, Inc. (NASDAQ:MAT), with 2 analysts believing it is a strong buy. Whereas 11 of them predict the stock is a hold. Also, there are 1 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.73 average brokerage recommendation [T1].