18,600 Shares in Mattel, Inc. $MAT Purchased by Lingohr Asset Management GmbH

Key Points

• Lingohr Asset Management GmbH has acquired a new stake in Mattel, Inc., purchasing 18,600 shares valued at approximately $367,000 in the second quarter.
• Mattel's stock was rated with an average of "Moderate Buy" by analysts, with a current consensus price target of $24.38, reflecting mixed investor sentiment.
• The company reported $0.19 EPS for the last quarter, beating analysts' estimates, but its revenue was down 5.7% year-over-year, indicating a decline in sales despite the earnings beat.

Lingohr Asset Management GmbH acquired a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,600 shares of the company's stock, valued at approximately $367,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAT. Ameriprise Financial Inc. increased its holdings in Mattel by 1.9% in the fourth quarter. Ameriprise Financial Inc. now owns 356,007 shares of the company's stock valued at $6,312,000 after buying an additional 6,726 shares during the last quarter. Cetera Investment Advisers bought a new stake in Mattel in the fourth quarter valued at about $212,000. Graham Capital Management L.P. bought a new stake in Mattel in the fourth quarter valued at about $198,000. Janus Henderson Group PLC increased its holdings in Mattel by 64.8% in the fourth quarter. Janus Henderson Group PLC now owns 311,271 shares of the company's stock valued at $5,517,000 after buying an additional 122,430 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Mattel by 152.6% in the fourth quarter. Lazard Asset Management LLC now owns 17,943 shares of the company's stock valued at $316,000 after buying an additional 10,840 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on MAT shares. JPMorgan Chase & Co. boosted their price objective on Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Roth Capital set a $22.00 target price on Mattel and gave the company a "neutral" rating in a report on Friday, July 11th. Citigroup upped their target price on Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a report on Monday, June 16th. Finally, Wall Street Zen lowered Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.38.

Mattel Stock Performance

Shares of MAT stock opened at $17.74 on Monday. Mattel, Inc. has a 12-month low of $13.94 and a 12-month high of $22.07. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 2.16 and a beta of 0.66. The business has a 50 day simple moving average of $18.37 and a 200 day simple moving average of $18.40. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 1.12.

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

Mattel Company Profile

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.

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