Arrowstreet Capital Limited Partnership Lowers Stock Holdings in Mattel, Inc. $MAT

Arrowstreet Capital Limited Partnership decreased its holdings in Mattel, Inc. (NASDAQ:MAT) by 13.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,169,899 shares of the company’s stock after selling 335,788 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.67% of Mattel worth $42,790,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its holdings in Mattel by 189.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock valued at $32,000 after buying an additional 1,054 shares during the last quarter. Traub Capital Management LLC bought a new stake in Mattel in the 2nd quarter worth $40,000. IFP Advisors Inc increased its position in shares of Mattel by 90.6% in the second quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock valued at $44,000 after acquiring an additional 1,053 shares during the period. Employees Retirement System of Texas bought a new position in shares of Mattel during the second quarter valued at about $55,000. Finally, True Wealth Design LLC raised its stake in shares of Mattel by 409.1% during the second quarter. True Wealth Design LLC now owns 2,846 shares of the company’s stock valued at $56,000 after acquiring an additional 2,287 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Trading Up 0.1%

Mattel stock opened at $21.15 on Friday. Mattel, Inc. has a 12-month low of $13.94 and a 12-month high of $22.07. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 2.47 and a beta of 0.70. The firm has a 50 day moving average of $18.94 and a 200 day moving average of $18.70. The company has a current ratio of 1.60, a quick ratio of 1.18 and a debt-to-equity ratio of 0.77.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, October 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.16). Mattel had a return on equity of 20.60% and a net margin of 8.27%.The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm posted $1.14 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, research analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Ratings Changes

MAT has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Mattel in a research note on Wednesday, October 8th. Roth Capital set a $20.00 price objective on Mattel and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Cfra Research downgraded Mattel from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 22nd. Finally, Seaport Res Ptn upgraded Mattel to a “hold” rating in a research note on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.57.

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.