Mattel, Inc. (MAT) Sets 52 Week Low; Strong Momentum for Sellers

April 20, 2018 - By Peter Erickson

Mattel, Inc. (NASDAQ:MAT) Logo

Investors sentiment increased to 0.84 in 2017 Q4. Its up 0.05, from 0.79 in 2017Q3. It is positive, as 74 investors sold Mattel, Inc. shares while 118 reduced holdings. 63 funds opened positions while 98 raised stakes. 385.05 million shares or 7.21% more from 359.18 million shares in 2017Q3 were reported.
Barrett Asset Limited Co reported 0% stake. Bankshares Of New York Mellon holds 0.03% of its portfolio in Mattel, Inc. (NASDAQ:MAT) for 7.16 million shares. Amp owns 102,840 shares. Kbc Grp Inc Nv holds 50,518 shares or 0.01% of its portfolio. Peoples Service Corp holds 3,983 shares or 0.03% of its portfolio. Cibc Asset Mgmt holds 41,082 shares or 0% of its portfolio. Thompson Investment has 53,090 shares. Ameriprise Financial invested 0.01% of its portfolio in Mattel, Inc. (NASDAQ:MAT). Massmutual Fsb Adv owns 90 shares. Point72 Asset Mngmt Limited Partnership holds 0.01% or 196,600 shares in its portfolio. Lingohr And Partner Asset Mgmt Gmbh invested 0.12% of its portfolio in Mattel, Inc. (NASDAQ:MAT). Gradient Investments Limited Liability Corporation invested in 10 shares. Jpmorgan Chase & stated it has 0% in Mattel, Inc. (NASDAQ:MAT). State Of Alaska Department Of Revenue has invested 0.03% in Mattel, Inc. (NASDAQ:MAT). 20,200 were reported by High Pointe Cap Mgmt Limited Company.

The stock of Mattel, Inc. (NASDAQ:MAT) hit a new 52-week low and has $11.92 target or 5.00 % below today’s $12.55 share price. The 9 months bearish chart indicates high risk for the $4.32 billion company. The 1-year low was reported on Apr, 20 by If the $11.92 price target is reached, the company will be worth $215.80M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 6.72% or $0.9035 during the last trading session, reaching $12.5465. About 16.58M shares traded or 161.47% up from the average. Mattel, Inc. (NASDAQ:MAT) has declined 47.58% since April 20, 2017 and is downtrending. It has underperformed by 59.13% the S&P500.

Analysts await Mattel, Inc. (NASDAQ:MAT) to report earnings on April, 26 after the close. They expect $-0.37 earnings per share, down 15.63 % or $0.05 from last year’s $-0.32 per share. After $-0.72 actual earnings per share reported by Mattel, Inc. for the previous quarter, Wall Street now forecasts -48.61 % EPS growth.

Mattel, Inc. (NASDAQ:MAT) Ratings Coverage

Among 12 analysts covering Mattel Inc (NASDAQ:MAT), 3 have Buy rating, 1 Sell and 8 Hold. Therefore 25% are positive. Mattel Inc had 29 analyst reports since October 23, 2017 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, April 4. The rating was maintained by UBS on Thursday, March 29 with “Buy”. The rating was downgraded by Jefferies on Monday, February 26 to “Underperform”. The stock has “Hold” rating by Jefferies on Monday, October 23. The rating was maintained by UBS on Tuesday, October 31 with “Buy”. The stock has “Outperform” rating by BMO Capital Markets on Monday, October 30. DA Davidson upgraded Mattel, Inc. (NASDAQ:MAT) on Friday, November 3 to “Neutral” rating. The rating was maintained by Barclays Capital on Monday, February 5 with “Equal-Weight”. The firm has “Hold” rating given on Monday, October 30 by Stifel Nicolaus. The company was maintained on Tuesday, February 6 by Citigroup.

Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company has market cap of $4.32 billion. The firm operates in three divisions: North America, International, and American Girl. It currently has negative earnings. It offers dolls and accessories, vehicles and play sets, and games and puzzles under the Mattel Girls & Boys brands, including Barbie, Monster High, Ever After High, Polly Pocket, DC Super Hero Girl, Disney Classics, Hot Wheels, Matchbox, CARS, DC Comics, WWE Wrestling, Minecraft, Max Steel, Little Mommy, BOOMco., and Toy Story.

Mattel, Inc. (NASDAQ:MAT) Institutional Positions Chart

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