Pallas Capital Advisors LLC Sells 18,944 Shares of Mattel, Inc. $MAT

Pallas Capital Advisors LLC decreased its holdings in Mattel, Inc. (NASDAQ:MAT) by 50.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,530 shares of the company’s stock after selling 18,944 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Mattel were worth $365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Mattel by 386.2% during the 1st quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company’s stock worth $139,218,000 after purchasing an additional 5,767,170 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Mattel by 247.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company’s stock worth $129,240,000 after purchasing an additional 4,737,199 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Mattel by 21.2% in the first quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company’s stock worth $157,179,000 after purchasing an additional 1,416,542 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Mattel by 50.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock valued at $80,709,000 after acquiring an additional 1,393,000 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Mattel in the first quarter valued at about $13,865,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

MAT opened at $17.08 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 1.12. The firm has a fifty day moving average price of $18.09 and a 200 day moving average price of $18.28. Mattel, Inc. has a 1 year low of $13.94 and a 1 year high of $22.07. The stock has a market cap of $5.50 billion, a P/E ratio of 11.02, a P/E/G ratio of 2.08 and a beta of 0.66.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Equities research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analysts Set New Price Targets

MAT has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Mattel from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Citigroup increased their price target on shares of Mattel from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Finally, Roth Capital set a $22.00 price objective on shares of Mattel and gave the stock a “neutral” rating in a research note on Friday, July 11th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Mattel presently has an average rating of “Moderate Buy” and a consensus target price of $24.38.

Mattel 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.