Orion Porfolio Solutions LLC Buys 38,993 Shares of Mattel, Inc. $MAT

Orion Porfolio Solutions LLC raised its stake in Mattel, Inc. (NASDAQ:MAT) by 221.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,637 shares of the company’s stock after acquiring an additional 38,993 shares during the period. Orion Porfolio Solutions LLC’s holdings in Mattel were worth $1,117,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MAT. EdgePoint Investment Group Inc. boosted its stake in shares of Mattel by 12.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 40,823,584 shares of the company’s stock valued at $805,041,000 after purchasing an additional 4,665,541 shares in the last quarter. Ariel Investments LLC lifted its holdings in Mattel by 2.6% during the 2nd quarter. Ariel Investments LLC now owns 14,220,786 shares of the company’s stock valued at $280,434,000 after purchasing an additional 362,671 shares during the last quarter. Frontier Capital Management Co. LLC boosted its position in Mattel by 0.6% in the second quarter. Frontier Capital Management Co. LLC now owns 8,980,205 shares of the company’s stock valued at $177,090,000 after buying an additional 55,916 shares in the last quarter. AQR Capital Management LLC grew its stake in Mattel by 386.2% during 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 during the last quarter. Finally, LSV Asset Management grew its stake in Mattel by 22.0% during the second quarter. LSV Asset Management now owns 5,699,638 shares of the company’s stock worth $112,397,000 after buying an additional 1,026,496 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on MAT. Roth Capital set a $20.00 target price on Mattel and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. DA Davidson dropped their price target on Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. Cfra Research lowered Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their target price on Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Finally, Seaport Res Ptn raised Mattel to a “hold” rating in a report 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 presently has a consensus rating of “Hold” and a consensus target price of $22.57.

Mattel Stock Up 0.4%

NASDAQ MAT opened at $19.88 on Wednesday. The stock has a market capitalization of $6.18 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.70. Mattel, Inc. has a 52 week low of $13.94 and a 52 week high of $22.07. 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 stock has a fifty day moving average of $19.60 and a 200-day moving average of $18.80.

Mattel (NASDAQ:MAT) last posted its quarterly 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 net margin of 8.27% and a return on equity of 20.60%. Mattel’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, equities research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current year.

Mattel Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.