232,771 Shares in Mattel, Inc. $MAT Bought by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC acquired 232,771 shares of Mattel, Inc. valued at approximately $4.4 million, representing about 0.07% of the company's total shares.
• Several institutional investors have significantly increased their stakes in Mattel, with AQR Capital Management raising its holding by 386.2% in the last quarter, now owning over 7.26 million shares.
• Analyst ratings for Mattel show a mixed outlook, with JPMorgan raising its target price from $23 to $25 while Citigroup set a target of $24, indicating a spectrum of sentiments among analysts.

Great Lakes Advisors LLC bought a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 232,771 shares of the company's stock, valued at approximately $4,436,000. Great Lakes Advisors LLC owned approximately 0.07% of Mattel at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC increased its holdings in Mattel by 13.0% during the 1st quarter. AlphaQuest LLC now owns 4,782 shares of the company's stock worth $93,000 after purchasing an additional 551 shares in the last quarter. Yousif Capital Management LLC grew its holdings in Mattel by 0.7% during the first quarter. Yousif Capital Management LLC now owns 119,902 shares of the company's stock valued at $2,330,000 after purchasing an additional 884 shares during the period. Brighton Jones LLC grew its holdings in Mattel by 7.4% during the first quarter. Brighton Jones LLC now owns 12,972 shares of the company's stock valued at $252,000 after purchasing an additional 890 shares during the period. State of Michigan Retirement System grew its holdings in Mattel by 1.1% during the first quarter. State of Michigan Retirement System now owns 80,633 shares of the company's stock valued at $1,567,000 after purchasing an additional 900 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Mattel by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 94,400 shares of the company's stock worth $1,834,000 after acquiring an additional 900 shares during the period. 97.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on MAT. Citigroup raised their price target on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, June 16th. DA Davidson reiterated a "buy" rating and issued a $30.00 price objective on shares of Mattel in a report on Thursday, May 15th. JPMorgan Chase & Co. lifted their price objective on Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen downgraded Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, Roth Capital set a $22.00 price target on Mattel and gave the company a "neutral" rating in a report on Friday, July 11th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.38.

Mattel Stock Performance

MAT traded down $0.26 during mid-day trading on Friday, reaching $17.74. 3,184,010 shares of the company traded hands, compared to its average volume of 2,614,672. The stock has a market capitalization of $5.72 billion, a P/E ratio of 11.45, a P/E/G ratio of 2.19 and a beta of 0.66. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. The company's fifty day moving average price is $18.37 and its 200-day moving average price is $18.44. Mattel, Inc. has a 52-week low of $13.94 and a 52-week high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate 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%.Mattel's revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, sell-side analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

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.