Amundi Takes $2.99 Million Position in Mattel, Inc. $MAT

Key Points

• Amundi acquired 154,084 shares of Mattel, Inc. for approximately $2,994,000, marking a significant new investment by the institutional investor in the toy company.
• Mattel reported a Q2 EPS of $0.19, exceeding analysts' expectations, although its revenue decreased by 5.7% year-over-year to $1.02 billion.
• Brokerage ratings for Mattel include five "Buy" and three "Hold" ratings, with the average target price elevated to $24.38.

Amundi bought a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 154,084 shares of the company's stock, valued at approximately $2,994,000.

Several other hedge funds have also modified their holdings of MAT. Dimensional Fund Advisors LP raised its position in Mattel by 21.2% in the first 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. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Mattel by 247.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company's stock valued at $129,240,000 after purchasing an additional 4,737,199 shares during the period. LSV Asset Management boosted its holdings in Mattel by 14.1% during the first quarter. LSV Asset Management now owns 4,673,142 shares of the company's stock worth $90,799,000 after buying an additional 578,677 shares in the last quarter. Northern Trust Corp increased its holdings in Mattel by 5.6% in the first quarter. Northern Trust Corp now owns 3,308,774 shares of the company's stock valued at $64,289,000 after buying an additional 176,031 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Mattel by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 2,513,336 shares of the company's stock valued at $48,834,000 after acquiring an additional 54,430 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Price Performance

MAT stock traded down $0.12 during trading on Tuesday, hitting $17.31. The stock had a trading volume of 1,190,266 shares, compared to its average volume of 4,000,560. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.66. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.12 and a current ratio of 1.62. The company's 50 day moving average price is $18.32 and its two-hundred day moving average price is $18.37. Mattel, Inc. has a 1-year low of $13.94 and a 1-year high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The company's quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, sell-side analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MAT has been the subject of several research reports. Roth Capital set a $22.00 price objective on Mattel and gave the stock a "neutral" rating in a report on Friday, July 11th. Wall Street Zen downgraded Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. increased their price objective on shares of Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Citigroup lifted their target price on shares of Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Mattel presently has an average rating of "Moderate Buy" and an average target price of $24.38.

About Mattel

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.