Mattel, Inc. $MAT Stock Holdings Lifted by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its position in Mattel, Inc. (NASDAQ:MAT) by 7.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,795 shares of the company’s stock after purchasing an additional 1,520 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Mattel were worth $410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew 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 valued at $157,179,000 after purchasing an additional 1,416,542 shares in the last quarter. AQR Capital Management LLC grew its stake in Mattel by 386.2% in the first quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company’s stock valued at $139,218,000 after purchasing an additional 5,767,170 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew 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 valued at $129,240,000 after purchasing an additional 4,737,199 shares in the last quarter. LSV Asset Management grew its stake in Mattel by 14.1% in the first quarter. LSV Asset Management now owns 4,673,142 shares of the company’s stock valued at $90,799,000 after purchasing an additional 578,677 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in 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 purchasing an additional 1,393,000 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Price Performance

NASDAQ MAT opened at $18.30 on Thursday. Mattel, Inc. has a twelve month low of $13.94 and a twelve month 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 stock has a market capitalization of $5.90 billion, a PE ratio of 13.66, a P/E/G ratio of 2.39 and a beta of 0.68. The stock has a 50-day simple moving average of $17.86 and a 200 day simple moving average of $17.98.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). Mattel had a return on equity of 20.77% and a net margin of 8.27%.The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm posted $1.14 EPS. Mattel’s revenue for the quarter was down 5.9% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Research analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MAT. 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 reiterated a “hold (c)” rating on shares of Mattel in a research note on Wednesday, October 8th. Roth Capital set a $20.00 price target on Mattel and gave the stock a “neutral” rating in a research note on Wednesday. Wall Street Zen downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Finally, DA Davidson decreased their price target on Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Mattel presently has an average rating of “Moderate Buy” and an average price target of $23.50.

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.