Mattel, Inc. $MAT Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in shares of Mattel, Inc. (NASDAQ:MAT) by 48.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,453 shares of the company’s stock after selling 122,945 shares during the period. Teacher Retirement System of Texas’ holdings in Mattel were worth $2,533,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC grew its holdings in Mattel by 13.0% during the first quarter. AlphaQuest LLC now owns 4,782 shares of the company’s stock worth $93,000 after acquiring an additional 551 shares during the period. Louisiana State Employees Retirement System grew its holdings in Mattel by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 94,400 shares of the company’s stock worth $1,834,000 after acquiring an additional 900 shares during the period. State of Michigan Retirement System grew its holdings in Mattel by 1.1% during the first quarter. State of Michigan Retirement System now owns 80,633 shares of the company’s stock worth $1,567,000 after acquiring an additional 900 shares during the period. IFP Advisors Inc grew its holdings in Mattel by 90.6% during the second quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock worth $44,000 after acquiring an additional 1,053 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Mattel by 189.9% during the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock worth $32,000 after acquiring an additional 1,054 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MAT. JPMorgan Chase & Co. lowered their target price on Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Mattel in a research note on Wednesday, October 8th. DA Davidson dropped their price target on Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. Cfra Research cut Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Roth Capital set a $20.00 price target on Mattel and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Mattel currently has a consensus rating of “Hold” and an average target price of $22.57.

Mattel Trading Down 1.1%

Shares of NASDAQ MAT opened at $18.38 on Monday. Mattel, Inc. has a one year low of $13.94 and a one year high of $22.07. The firm has a market capitalization of $5.71 billion, a PE ratio of 13.72, a PEG ratio of 2.21 and a beta of 0.68. The company has a current ratio of 1.60, a quick ratio of 1.18 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average price of $17.98 and a two-hundred day moving average price of $18.22.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $0.89 EPS 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 for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business posted $1.14 earnings per share. The company’s revenue was down 5.9% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Mattel Company 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.