Deutsche Bank AG Boosts Position in Mattel, Inc. $MAT

Deutsche Bank AG lifted its position in Mattel, Inc. (NASDAQ:MAT) by 10.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,433 shares of the company’s stock after purchasing an additional 4,707 shares during the quarter. Deutsche Bank AG’s holdings in Mattel were worth $960,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAT. Headlands Technologies LLC boosted its holdings in Mattel by 180.4% in the 1st quarter. Headlands Technologies LLC now owns 25,946 shares of the company’s stock valued at $504,000 after purchasing an additional 16,694 shares during the last quarter. Ruffer LLP purchased a new stake in shares of Mattel during the 1st quarter valued at approximately $5,355,000. LSV Asset Management lifted its holdings in Mattel by 14.1% in the first quarter. LSV Asset Management now owns 4,673,142 shares of the company’s stock valued at $90,799,000 after acquiring an additional 578,677 shares during the last quarter. Natixis Advisors LLC lifted its holdings in Mattel by 90.2% in the first quarter. Natixis Advisors LLC now owns 47,890 shares of the company’s stock valued at $931,000 after acquiring an additional 22,705 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in Mattel in the first quarter worth approximately $370,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Trading Up 3.3%

Shares of MAT stock opened at $18.36 on Monday. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.07. The company has a 50 day moving average price of $18.75 and a 200 day moving average price of $18.75. The stock has a market capitalization of $5.92 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 2.24 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.12 and a current ratio of 1.62.

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

Wall Street Analyst Weigh In

MAT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Roth Capital set a $22.00 target price on shares of Mattel and gave the stock a “neutral” rating in a research note on Friday, July 11th. Citigroup boosted their price target on shares of Mattel from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, June 16th. DA Davidson reaffirmed a “buy” rating and set a $30.00 price objective on shares of Mattel in a research report on Thursday, May 15th. Finally, The Goldman Sachs Group dropped their target price on shares of Mattel from $24.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mattel has an average rating of “Moderate Buy” and a consensus target price of $24.38.

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.