EdgePoint Investment Group Inc. boosted its holdings in Mattel, Inc. (NASDAQ:MAT – Free Report) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,140,882 shares of the company’s stock after buying an additional 1,799,640 shares during the quarter. Mattel makes up approximately 5.7% of EdgePoint Investment Group Inc.’s investment portfolio, making the stock its 8th largest position. EdgePoint Investment Group Inc. owned 0.17% of Mattel worth $714,017,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Mattel by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,052,845 shares of the company’s stock worth $160,591,000 after acquiring an additional 783,102 shares during the last quarter. LSV Asset Management raised its stake in shares of Mattel by 1.8% during the fourth quarter. LSV Asset Management now owns 6,126,432 shares of the company’s stock valued at $121,548,000 after acquiring an additional 108,622 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Mattel by 15.1% during the fourth quarter. Morgan Stanley now owns 5,350,290 shares of the company’s stock worth $106,150,000 after purchasing an additional 703,806 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Mattel by 50.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock worth $80,709,000 after purchasing an additional 1,393,000 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Mattel by 12.3% in the fourth quarter. AQR Capital Management LLC now owns 4,100,673 shares of the company’s stock worth $81,357,000 after purchasing an additional 449,958 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
MAT has been the subject of several analyst reports. Zacks Research raised Mattel from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Wells Fargo & Company reduced their price target on Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Roth Capital decreased their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Citigroup lowered their price objective on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. cut their price objective on Mattel from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.33.
Mattel Stock Performance
Shares of MAT opened at $14.80 on Tuesday. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $4.30 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 1.26 and a beta of 0.74. The firm’s fifty day simple moving average is $14.19 and its two-hundred day simple moving average is $15.99. Mattel, Inc. has a 12 month low of $12.73 and a 12 month high of $22.48.
Mattel (NASDAQ:MAT – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.04. The firm had revenue of $862.17 million during the quarter, compared to analyst estimates of $808.38 million. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted ($0.03) EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, analysts predict that Mattel, Inc. will post 1.35 EPS for the current year.
Mattel Profile
Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.
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