JP Morgan has recently reduced Mattel Inc (MAT) stock to Neutral rating, as announced on February 5, 2024, according to Finviz. Earlier, on January 17, 2024, Morgan Stanley had reduced the stock rating, setting a price target of $19 for MAT stock. ROTH MKM also reduced Neutral rating with a price target of $20. Additionally, Citigroup initiated Buy rating on October 20, 2023, with a target price of $26. Morgan Stanley analysts, in their report published on September 27, 2023, also initiated Overweight rating for Mattel Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Mattel Inc (MAT) Stock Trading Recap
On Wednesday, Mattel Inc (MAT) stock saw a modest uptick, ending the day at $18.75 which represents a slight increase of $0.12 or 0.64% from the prior close of $18.63. The stock opened at $18.79 and touched a low of $18.62 during the day, reaching a high of $18.9. The volume of shares traded was 3.02 million exceeding the average volume of 3.00 million.
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MAT Stock Performance and Moving Averages
In recent trading, Mattel Inc (MAT) stock price has shown some volatility, fluctuating 2.18% over the last five trades and -5.45% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 7.27%, and it has plunged by -2.04% in the previous three months. Currently, MAT is trading at -1.72%, -1.63%, and 0.60% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, MAT, a Consumer Cyclical sector stock, is trading -8.96% below its 52-week high but remains 18.15% above its 52-week low. The Average True Range (ATR) (14 days) of 0.52 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Mattel Inc’s Profitability and Valuation Ratios
Mattel Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 13.42% and a profit margin of 10.24%, with a gross margin of 7.27%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Mattel Inc’s market capitalization stands at $6.32 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 11.78, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 11.85. Additionally, the Price-to-Sales Ratio is 1.18, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.73, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.92% of Mattel Inc (MAT)’s shares, while financial institutions hold 96.41%.
Notable insider trades include TOTZKE STEVE, President, Chief Comm Officer at Mattel Inc (MAT), who sold 45216 shares on May 13 ’24, at $18.9 each, totaling $0.85 million. On May 09 ’24, TOTZKE STEVE, President, Chief Comm Officer, sold 23662 shares for $18.89 each, amounting to $0.45 million. Additionally, on May 07 ’24, Isaias Zanatta Roberto Jacobo sold 21655 shares at $18.83 each, generating $0.41 million.
