Public Employees Retirement System of Ohio Has $1.97 Million Stock Position in Mattel, Inc. $MAT

Public Employees Retirement System of Ohio reduced its position in shares of Mattel, Inc. (NASDAQ:MAT) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 99,687 shares of the company’s stock after selling 4,509 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Mattel were worth $1,966,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC raised its stake in Mattel by 479.5% during the 1st quarter. Cerity Partners LLC now owns 79,159 shares of the company’s stock worth $1,538,000 after buying an additional 65,499 shares during the period. Principal Financial Group Inc. raised its stake in Mattel by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 775,203 shares of the company’s stock worth $15,062,000 after buying an additional 2,601 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in Mattel during the 1st quarter worth approximately $475,000. Bank of New York Mellon Corp raised its stake in Mattel by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 2,513,336 shares of the company’s stock worth $48,834,000 after buying an additional 54,430 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in Mattel during the 1st quarter worth approximately $375,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Performance

Mattel stock opened at $18.06 on Friday. The stock’s 50 day simple moving average is $17.67 and its two-hundred day simple moving average is $18.09. 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 stock has a market cap of $5.82 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 2.18 and a beta of 0.68. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.07.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping 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 in the previous year, the firm posted $0.19 EPS. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MAT has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Mattel from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Mattel in a research note on Saturday, September 27th. Roth Capital set a $22.00 price objective on Mattel and gave the stock a “neutral” rating in a research note on Friday, July 11th. Citigroup increased 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. Finally, Wall Street Zen downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.