CX Institutional Makes New $6.26 Million Investment in Mattel, Inc. $MAT

CX Institutional purchased a new stake in shares of Mattel, Inc. (NASDAQ:MAT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 371,982 shares of the company’s stock, valued at approximately $6,260,000. CX Institutional owned about 0.12% of Mattel as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Parallel Advisors LLC increased its holdings in Mattel by 189.9% in the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock valued at $32,000 after purchasing an additional 1,054 shares during the period. Traub Capital Management LLC bought a new stake in shares of Mattel in the 2nd quarter valued at about $40,000. IFP Advisors Inc increased its stake 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 buying 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 worth about $55,000. Finally, True Wealth Design LLC lifted its stake in shares of Mattel by 409.1% in the second quarter. True Wealth Design LLC now owns 2,846 shares of the company’s stock worth $56,000 after acquiring an additional 2,287 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Performance

Shares of Mattel stock opened at $21.63 on Thursday. The business has a 50-day simple moving average of $19.98 and a 200 day simple moving average of $18.90. Mattel, Inc. has a one year low of $13.94 and a one year high of $22.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.18. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 2.24 and a beta of 0.69.

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

Analysts Set New Price Targets

A number of analysts have weighed in on MAT shares. DA Davidson decreased their target price on shares of Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Roth Capital set a $20.00 price objective on shares of Mattel and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. UBS Group increased their price objective on shares of Mattel from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday. Cfra Research downgraded shares of Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Seaport Res Ptn raised shares of Mattel to a “hold” rating in a research report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Mattel presently has an average rating of “Hold” and an average target price of $23.50.

About Mattel

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.