Mattel, Inc. $MAT Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in Mattel, Inc. (NASDAQ:MAT) by 111.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,419 shares of the company’s stock after acquiring an additional 34,496 shares during the period. HighTower Advisors LLC’s holdings in Mattel were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Trust Co. of Vermont increased its position in shares of Mattel by 995.8% in the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock valued at $26,000 after acquiring an additional 1,195 shares during the period. Fifth Third Bancorp increased its position in shares of Mattel by 52.9% in the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company’s stock valued at $54,000 after acquiring an additional 962 shares during the period. Quarry LP increased its position in shares of Mattel by 130.3% in the 4th quarter. Quarry LP now owns 3,148 shares of the company’s stock valued at $56,000 after acquiring an additional 1,781 shares during the period. UMB Bank n.a. increased its position in shares of Mattel by 93.5% in the 1st quarter. UMB Bank n.a. now owns 2,995 shares of the company’s stock valued at $58,000 after acquiring an additional 1,447 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Mattel in the 1st quarter valued at $59,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Price Performance

Shares of MAT opened at $18.28 on Tuesday. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.12 and a current ratio of 1.62. The company has a market capitalization of $5.89 billion, a P/E ratio of 11.79, a P/E/G ratio of 2.24 and a beta of 0.62. The business’s 50-day moving average is $18.72 and its two-hundred day moving average is $18.72.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on MAT shares. JPMorgan Chase & Co. upped 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. DA Davidson reaffirmed a “buy” rating and set a $30.00 price target on shares of Mattel in a research report on Thursday, May 15th. Citigroup increased their price target on Mattel from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Morgan Stanley increased their price target on Mattel from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Finally, The Goldman Sachs Group cut their price target on Mattel from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mattel presently has an average rating of “Moderate Buy” and a consensus target price of $24.38.

About Mattel

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.