Mattel Inc. [NASDAQ: MAT] closed the trading session at $21.70 on 07/14/22. The day’s price range saw the stock hit a low of $21.28, while the highest price level was $21.84. The company report on July 12, 2022 that The Future of Pink is Green®: Barbie® Introduces New Dr. Jane Goodall and Eco-Leadership Team Certified CarbonNeutral® Dolls Made from Recycled Ocean-Bound Plastic.
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Latest Mattel sustainable product offering is in line with company goal to achieve 100% recycled, recyclable, or bio-based plastic materials in all products and packaging by 2030.
Mattel, Inc. (NASDAQ: MAT) announced today that the Barbie brand, in partnership with the Jane Goodall Institute, is introducing a Dr. Jane Goodall Inspiring Women Doll and 2022 Barbie Career of The Year Eco-Leadership Team, which includes a Chief Sustainability Officer, Conservation Scientist, Renewable Energy Engineer and Environmental Advocate. The Inspiring Women doll and career doll set are certified CarbonNeutral1 and made from recycled ocean-bound plastic2 and are available at mass retailers beginning today.
The stocks have a year to date performance of 0.65 percent and weekly performance of -5.82 percent. The stock has been moved at -0.73 percent over the last six months. The stock has performed -1.94 percent around the most recent 30 days and changed -1.68 percent over the most recent 3-months.
If compared to the average trading volume of 3.22M shares, MAT reached to a volume of 3068939 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Mattel Inc. [MAT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MAT shares is $32.18 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MAT stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Mattel Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 11, 2022. While these analysts kept the previous recommendation, Stifel raised their target price from $27 to $33. The new note on the price target was released on February 24, 2022, representing the official price target for Mattel Inc. stock. Previously, the target price had yet another raise from $28 to $32, while Monness Crespi & Hardt kept a Buy rating on MAT stock. On January 13, 2022, analysts increased their price target for MAT shares from 24 to 30.
The Average True Range (ATR) for Mattel Inc. is set at 0.85, with the Price to Sales ratio for MAT stock in the period of the last 12 months amounting to 1.38. The Price to Book ratio for the last quarter was 4.73, with the Price to Cash per share for the same quarter was set at 1.50. Price to Free Cash Flow for MAT in the course of the last twelve months was 25.93 with Quick ratio for the last quarter at 1.10.
MAT stock trade performance evaluation
Mattel Inc. [MAT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.82. With this latest performance, MAT shares dropped by -1.94% in over the last four-week period, additionally sinking by -0.73% over the last 6 months – not to mention a rise of 9.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MAT stock in for the last two-week period is set at 40.11, with the RSI for the last a single of trading hit 35.96, and the three-weeks RSI is set at 42.58 for Mattel Inc. [MAT]. The present Moving Average for the last 50 days of trading for this stock 23.71, while it was recorded at 22.27 for the last single week of trading, and 22.42 for the last 200 days.
Mattel Inc. [MAT]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Mattel Inc. [MAT] shares currently have an operating margin of +14.03 and a Gross Margin at +47.50. Mattel Inc.’s Net Margin is presently recorded at +16.55.
Return on Equity for this stock inclined to 83.41, with Return on Assets sitting at 15.16.
Mattel Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.70.
Earnings per share (EPS) analysis for Mattel Inc. [MAT] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MAT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Mattel Inc. go to 10.00%.
Mattel Inc. [MAT]: Insider Ownership positions
There are presently around $7,709 million, in the hands of institutional investors. The top three institutional holders of MAT stocks are: PRIMECAP MANAGEMENT CO/CA/ with ownership of 45,237,859, which is approximately -0.767% of the company’s market cap and around 0.50% of the total institutional ownership; EDGEPOINT INVESTMENT GROUP INC., holding 36,625,167 shares of the stock with an approximate value of $811.25 million in MAT stocks shares; and VANGUARD GROUP INC, currently with $710.19 million in MAT stock with ownership of nearly 0.484% of the company’s market capitalization.
Positions in Mattel Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 195 institutional holders increased their position in Mattel Inc. [NASDAQ:MAT] by around 21,678,818 shares. Additionally, 132 investors decreased positions by around 25,278,824 shares, while 96 investors held positions by with 301,098,441 shares. The mentioned changes placed institutional holdings at 348,056,083 shares, according to the latest SEC report filing. MAT stock had 70 new institutional investments in for a total of 6,977,165 shares, while 40 institutional investors sold positions of 4,486,731 shares during the same period.