Securian Asset Management Inc. Lowers Stake in Mattel, Inc. $MAT

Securian Asset Management Inc. reduced its position in shares of Mattel, Inc. (NASDAQ:MAT) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,590 shares of the company’s stock after selling 997 shares during the quarter. Securian Asset Management Inc.’s holdings in Mattel were worth $485,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Uhlmann Price Securities LLC boosted its stake in shares of Mattel by 4.8% during the 2nd quarter. Uhlmann Price Securities LLC now owns 86,354 shares of the company’s stock worth $1,703,000 after acquiring an additional 3,989 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Mattel in the 2nd quarter valued at about $1,272,000. Stratos Wealth Advisors LLC boosted its holdings in Mattel by 36.0% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 111,645 shares of the company’s stock worth $2,202,000 after buying an additional 29,542 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Mattel by 7.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 20,795 shares of the company’s stock worth $410,000 after buying an additional 1,520 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC boosted its holdings in Mattel by 11.8% in the 2nd quarter. Galvin Gaustad & Stein LLC now owns 667,160 shares of the company’s stock worth $13,156,000 after buying an additional 70,542 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Trading Down 3.8%

MAT opened at $18.45 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.12. The company’s 50 day simple moving average is $17.88 and its two-hundred day simple moving average is $18.03. Mattel, Inc. has a 1-year low of $13.94 and a 1-year high of $22.07. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, October 21st. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). Mattel had a return on equity of 20.60% and a net margin of 8.27%.The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the business earned $1.14 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Analysts expect that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MAT shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Mattel in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on Mattel from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. DA Davidson lowered their price objective on Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday. Wall Street Zen cut Mattel from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Finally, Roth Capital set a $20.00 price objective on Mattel and gave the stock a “neutral” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mattel currently has a consensus rating of “Moderate Buy” and an average target price of $22.86.

Mattel Profile

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.