Mattel, Inc. $MAT Stock Position Lifted by Ariel Investments LLC

Ariel Investments LLC lifted its stake in Mattel, Inc. (NASDAQ:MAT) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,220,786 shares of the company’s stock after purchasing an additional 362,671 shares during the period. Mattel accounts for about 3.2% of Ariel Investments LLC’s investment portfolio, making the stock its 3rd biggest holding. Ariel Investments LLC owned about 4.41% of Mattel worth $280,434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of MAT. AQR Capital Management LLC raised 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 worth $139,218,000 after buying an additional 5,767,170 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted 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 valued at $129,240,000 after acquiring an additional 4,737,199 shares in the last quarter. Norges Bank purchased a new position in shares of Mattel during the 2nd quarter worth approximately $55,651,000. Dimensional Fund Advisors LP raised its position in shares of Mattel by 21.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company’s stock worth $157,179,000 after acquiring an additional 1,416,542 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position 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 worth $80,709,000 after acquiring an additional 1,393,000 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.

Mattel Stock Down 1.1%

NASDAQ:MAT opened at $20.20 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.18 and a current ratio of 1.60. The firm has a market cap of $6.28 billion, a P/E ratio of 15.07, a P/E/G ratio of 2.39 and a beta of 0.70. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.07. The firm has a 50-day simple moving average of $19.08 and a two-hundred day simple moving average of $18.70.

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). The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a return on equity of 20.60% and a net margin of 8.27%.The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on MAT. Seaport Res Ptn upgraded Mattel to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Mattel in a research report on Wednesday, October 8th. Cfra Research cut shares of Mattel from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. reduced their target price on shares of Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Finally, DA Davidson decreased their price target on shares of Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, October 22nd. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.57.

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.