Engineers Gate Manager LP cut its stake in Mattel, Inc. (NASDAQ:MAT – Free Report) by 43.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,951 shares of the company’s stock after selling 127,967 shares during the period. Engineers Gate Manager LP’s holdings in Mattel were worth $2,331,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. EdgePoint Investment Group Inc. lifted its position in shares of Mattel by 3.8% during the 1st quarter. EdgePoint Investment Group Inc. now owns 49,140,882 shares of the company’s stock valued at $714,017,000 after acquiring an additional 1,799,640 shares during the period. Primecap Management Co. CA bought a new position in shares of Mattel in the second quarter worth $409,540,000. BlackRock Inc. bought a new position in shares of Mattel in the second quarter worth $363,273,000. Dimensional Fund Advisors LP raised its stake in Mattel by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 11,052,845 shares of the company’s stock valued at $160,591,000 after purchasing an additional 783,102 shares in the last quarter. Finally, LSV Asset Management raised its stake in Mattel by 1.8% in the fourth quarter. LSV Asset Management now owns 6,126,432 shares of the company’s stock valued at $121,548,000 after purchasing an additional 108,622 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Weiss Ratings lowered shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Argus restated a “buy” rating and issued a $22.00 target price on shares of Mattel in a research report on Tuesday, August 25th. Odeon Capital Group initiated coverage on shares of Mattel in a report on Thursday, July 16th. They set a “buy” rating for the company. Finally, The Goldman Sachs Group lowered shares of Mattel from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $15.00 to $12.00 in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mattel has an average rating of “Hold” and an average price target of $17.80.
Mattel Stock Performance
NASDAQ:MAT opened at $14.03 on Tuesday. The stock’s 50-day simple moving average is $14.48 and its 200 day simple moving average is $14.71. The firm has a market capitalization of $4.01 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 1.54 and a beta of 0.72. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17. Mattel, Inc. has a twelve month low of $12.73 and a twelve month high of $22.48.
Mattel (NASDAQ:MAT – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. Mattel had a return on equity of 16.20% and a net margin of 7.79%.The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, analysts anticipate that Mattel, Inc. will post 1.31 EPS for the current fiscal year.
Insider Transactions at Mattel
In related news, EVP Roberto Isaias sold 39,083 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $15.02, for a total value of $587,026.66. Following the completion of the transaction, the executive vice president owned 144,390 shares of the company’s stock, valued at $2,168,737.80. This represents a 21.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by corporate insiders.
Mattel Profile
Mattel, Inc is a global toy and entertainment company that designs, manufactures and markets toys, games and consumer products. Its portfolio includes well-known brands such as Barbie, Hot Wheels, Fisher-Price, Matchbox, American Girl, UNO, Thomas & Friends and Masters of the Universe.
The company also develops entertainment and experiences based on its intellectual property, including content, films, television projects, digital games, live events and location-based attractions. Mattel generates additional business through licensing its brands for products and services produced by other companies.
Founded in 1945 and headquartered in El Segundo, California, Mattel serves consumers in markets around the world through retail, e-commerce and other distribution channels.
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