GAMMA Investing LLC Purchases 5,148 Shares of Mattel, Inc. $MAT

GAMMA Investing LLC boosted its position in Mattel, Inc. (NASDAQ:MAT) by 101.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,206 shares of the company’s stock after buying an additional 5,148 shares during the quarter. GAMMA Investing LLC’s holdings in Mattel were worth $201,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in Mattel by 386.2% during the first 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 position in Mattel by 247.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company’s stock worth $129,240,000 after buying an additional 4,737,199 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Mattel by 21.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company’s stock worth $157,179,000 after buying an additional 1,416,542 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Mattel by 50.5% in the 1st 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 in the last quarter. Finally, Nuveen LLC bought a new position in shares of Mattel in the 1st quarter valued at about $13,865,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Trading Up 1.4%

Shares of Mattel stock opened at $16.90 on Monday. The business has a fifty day simple moving average of $17.83 and a two-hundred day simple moving average of $18.15. Mattel, Inc. has a 1 year low of $13.94 and a 1 year high of $22.07. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 2.14 and a beta of 0.66. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 1.12.

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

Wall Street Analyst Weigh In

Several 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 stock a “neutral” rating in a report on Thursday, July 24th. Citigroup upped their price objective on Mattel from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, June 16th. Wall Street Zen downgraded Mattel from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Finally, Roth Capital set a $22.00 target price on shares of Mattel and gave the stock a “neutral” rating in a report on Friday, July 11th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.