1,000,000 Shares in Mattel, Inc. $MAT Bought by Serenity Capital Management PTE. LTD.

Key Points

• Serenity Capital Management purchased 1 million Mattel shares, valued at approximately $13.88 million, giving it a 0.35% stake and making Mattel its eighth-largest holding.
• Mattel reported quarterly revenue of $1.13 billion, up 10.5% year over year and above estimates, but earnings per share of $0.01 missed the $0.04 consensus forecast.
• Analyst sentiment is mixed, with an overall “Hold” rating and a consensus price target of $17.33; Mattel shares recently traded at $14.50, while institutional investors own 97.15% of the stock.

Serenity Capital Management PTE. LTD. purchased a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,000,000 shares of the company's stock, valued at approximately $13,880,000,000. Mattel comprises approximately 4.2% of Serenity Capital Management PTE. LTD.'s holdings, making the stock its 8th biggest holding. Serenity Capital Management PTE. LTD. owned about 0.35% of Mattel as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in Mattel by 107.3% in the 1st quarter. Sei Investments Co. now owns 2,159,405 shares of the company's stock valued at $31,376,000 after buying an additional 1,117,726 shares in the last quarter. K.J. Harrison & Partners Inc boosted its stake in Mattel by 1,323.5% in the fourth quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company's stock worth $4,801,000 after purchasing an additional 225,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Mattel by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 11,052,845 shares of the company's stock worth $160,591,000 after purchasing an additional 783,102 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Mattel by 514.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 644,268 shares of the company's stock valued at $9,361,000 after buying an additional 539,373 shares in the last quarter. Finally, Weiss Asset Management LP bought a new position in shares of Mattel in the first quarter valued at about $1,542,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Performance

Shares of NASDAQ:MAT opened at $14.50 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. Mattel, Inc. has a 1-year low of $12.73 and a 1-year high of $22.48. The stock has a market capitalization of $4.14 billion, a P/E ratio of 10.66, a P/E/G ratio of 1.45 and a beta of 0.72. The business has a 50-day moving average price of $14.24 and a two-hundred day moving average price of $15.29.

Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mattel had a net margin of 7.79% and a return on equity of 16.20%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business posted $0.19 EPS. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities analysts predict that Mattel, Inc. will post 1.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MAT. Weiss Ratings downgraded shares of Mattel from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Wall Street Zen lowered shares of Mattel from a "buy" rating to a "hold" rating in a report on Sunday, May 10th. JPMorgan Chase & Co. dropped their price objective on shares of Mattel from $14.00 to $13.00 and set an "underweight" rating for the company in a research report on Thursday, April 30th. Roth Capital dropped their price objective on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, July 14th. Finally, Odeon Capital Group initiated coverage on Mattel in a report on Thursday, July 16th. They set a "buy" rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $17.33.

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.

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