Mirae Asset Global Investments Co. Ltd. Sells 751 Shares of Mattel, Inc. $MAT

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Mattel, Inc. (NASDAQ:MAT) by 23.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,496 shares of the company’s stock after selling 751 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Mattel were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Trust Co. of Vermont boosted its holdings in shares of Mattel by 995.8% in the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock worth $26,000 after acquiring an additional 1,195 shares in the last quarter. Parallel Advisors LLC boosted its stake in Mattel by 189.9% in the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock worth $32,000 after purchasing an additional 1,054 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Mattel by 52.9% during the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company’s stock worth $54,000 after purchasing an additional 962 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Mattel by 93.5% during the first quarter. UMB Bank n.a. now owns 2,995 shares of the company’s stock worth $58,000 after purchasing an additional 1,447 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Mattel in the first quarter valued at $59,000. Institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

Mattel stock opened at $17.08 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. Mattel, Inc. has a 1 year low of $13.94 and a 1 year high of $22.07. The company has a market cap of $5.50 billion, a PE ratio of 11.02, a PEG ratio of 2.16 and a beta of 0.68. The company’s 50-day moving average is $17.74 and its two-hundred day moving average is $17.99.

Mattel (NASDAQ:MAT) last released its earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the company posted $0.19 EPS. The company’s revenue was down 5.7% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Equities analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MAT shares. Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Citigroup upped their target price on shares of Mattel from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Roth Capital set a $22.00 price target on shares of Mattel and gave the company a “neutral” rating in a report on Friday, July 11th. Weiss Ratings restated a “hold (c)” rating on shares of Mattel in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.38.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.