Insider Selling: Alan Kaye Sells 25,000 Shares of Mattel Stock (MAT)
Mattel (NYSE:MAT) EVP Alan Kaye unloaded 25,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $47.51, for a total value of $1,187,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Mattel (NYSE:MAT) traded down 0.40% on Thursday, hitting $47.39. 2,335,717 shares of the company’s stock traded hands. Mattel has a 52 week low of $35.47 and a 52 week high of $48.48. The stock’s 50-day moving average is $45.85 and its 200-day moving average is $43.73. The company has a market cap of $16.038 billion and a P/E ratio of 19.91.
Mattel (NYSE:MAT) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.12 by $0.04. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis.
MAT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Mattel in a research note to investors on Thursday, December 26th. They now have a $48.00 price target on the stock. Separately, analysts at Needham & Company raised their price target on shares of Mattel to $50.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Finally, analysts at Piper Jaffray downgraded shares of Mattel from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, October 31st. They now have a $46.00 price target on the stock, down previously from $52.00. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $47.10.
Mattel, Inc (NYSE:MAT) designs, manufactures and markets a variety of toy products worldwide which are sold to its customers and directly to consumers.
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