State of Alaska Department of Revenue Sells 3,230 Shares of Mattel, Inc. $MAT

State of Alaska Department of Revenue decreased its position in Mattel, Inc. (NASDAQ:MAT) by 8.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,249 shares of the company’s stock after selling 3,230 shares during the quarter. State of Alaska Department of Revenue’s holdings in Mattel were worth $714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MAT. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Mattel in the 4th quarter worth approximately $459,000. GAMMA Investing LLC boosted its holdings in shares of Mattel by 2,675.4% in the 1st quarter. GAMMA Investing LLC now owns 98,277 shares of the company’s stock worth $1,910,000 after purchasing an additional 94,736 shares during the period. Merit Financial Group LLC purchased a new position in shares of Mattel in the 1st quarter worth approximately $534,000. UMB Bank n.a. boosted its holdings 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 worth $58,000 after purchasing an additional 1,447 shares during the period. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Mattel in the 1st quarter worth approximately $728,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Price Performance

Shares of MAT stock opened at $18.00 on Wednesday. Mattel, Inc. has a twelve month low of $13.94 and a twelve month high of $22.07. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 2.28 and a beta of 0.68. The stock has a fifty day simple moving average of $17.69 and a two-hundred day simple moving average of $18.05. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Mattel had a return on equity of 25.19% and a net margin of 9.87%.The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business earned $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. On average, analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

MAT has been the subject of a number of recent research reports. Wall Street Zen cut Mattel from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Citigroup boosted their price objective on Mattel from $22.00 to $24.00 and gave the company a “buy” rating in a report on Monday, June 16th. JPMorgan Chase & Co. boosted their price objective on Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of Mattel in a report on Saturday, September 27th. Finally, Roth Capital set a $22.00 price objective on Mattel and gave the company a “neutral” rating in a report on Friday, July 11th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.