Envestnet Asset Management Inc. Buys 75,124 Shares of Mattel, Inc. $MAT

Envestnet Asset Management Inc. grew its stake in Mattel, Inc. (NASDAQ:MAT) by 20.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 445,826 shares of the company’s stock after buying an additional 75,124 shares during the quarter. Envestnet Asset Management Inc. owned 0.14% of Mattel worth $7,503,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. EdgePoint Investment Group Inc. lifted its position in 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 acquiring an additional 4,665,541 shares in the last quarter. Mane Global Capital Management LP acquired a new stake in shares of Mattel in the 2nd quarter valued at about $56,619,000. Norges Bank bought a new stake in shares of Mattel in the second quarter valued at about $55,651,000. Goldman Sachs Group Inc. boosted its position in shares of Mattel by 50.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock worth $80,709,000 after buying an additional 1,393,000 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Mattel during the second quarter worth about $24,699,000. Institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

MAT has been the topic of a number of recent research reports. Citigroup lowered Mattel from a “buy” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $16.00 in a research report on Wednesday, February 11th. Morgan Stanley set a $18.00 target price on shares of Mattel in a report on Wednesday, February 11th. DA Davidson decreased their target price on shares of Mattel from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Zacks Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, JPMorgan Chase & Co. downgraded shares of Mattel from a “neutral” rating to an “underweight” rating and set a $14.00 price objective for the company. in a research note on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mattel has a consensus rating of “Hold” and a consensus price target of $18.63.

Mattel Stock Performance

Shares of NASDAQ MAT opened at $17.41 on Friday. The stock has a 50 day moving average of $20.11 and a 200-day moving average of $19.09. Mattel, Inc. has a 12 month low of $13.94 and a 12 month high of $22.48. The company has a market capitalization of $5.41 billion, a P/E ratio of 13.82, a P/E/G ratio of 2.48 and a beta of 0.70. The company has a current ratio of 2.15, a quick ratio of 1.76 and a debt-to-equity ratio of 1.04.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.14). The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.85 billion. Mattel had a net margin of 7.44% and a return on equity of 20.72%. Mattel’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. As a group, equities research analysts predict that Mattel, Inc. will post 1.7 EPS for the current year.

Mattel Company 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.