Bayforest Capital Ltd Makes New Investment in Mattel, Inc. $MAT

Key Points

• Bayforest Capital Ltd purchased 37,300 shares of Mattel, Inc. in the first quarter, which is valued at approximately $725,000.
• Institutional investors and hedge funds control 97.15% of Mattel's shares, indicating robust investor interest in the company.
• Analysts have mixed sentiments with Citigroup raising their price target to $24.00 while other firms have downgraded ratings, resulting in a consensus target price of $24.38.

Bayforest Capital Ltd acquired a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 37,300 shares of the company's stock, valued at approximately $725,000.

Other large investors also recently modified their holdings of the company. AlphaQuest LLC lifted its stake in Mattel by 13.0% in the first quarter. AlphaQuest LLC now owns 4,782 shares of the company's stock worth $93,000 after purchasing an additional 551 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Mattel by 0.7% in the first quarter. Yousif Capital Management LLC now owns 119,902 shares of the company's stock worth $2,330,000 after purchasing an additional 884 shares during the last quarter. Brighton Jones LLC lifted its stake in Mattel by 7.4% in the first quarter. Brighton Jones LLC now owns 12,972 shares of the company's stock worth $252,000 after purchasing an additional 890 shares during the last quarter. State of Michigan Retirement System lifted its stake in Mattel by 1.1% in the first quarter. State of Michigan Retirement System now owns 80,633 shares of the company's stock worth $1,567,000 after purchasing an additional 900 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in 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 purchasing an additional 900 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MAT has been the subject of several recent analyst reports. Roth Capital set a $22.00 price objective on shares of Mattel and gave the company a "neutral" rating in a research note on Friday, July 11th. DA Davidson reaffirmed a "buy" rating and set a $30.00 price objective on shares of Mattel in a research note on Thursday, May 15th. Wall Street Zen downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Citigroup upped their price objective on shares of Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Finally, JPMorgan Chase & Co. upped 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. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Mattel presently has an average rating of "Moderate Buy" and a consensus target price of $24.38.

Mattel Trading Down 1.4%

MAT stock traded down $0.26 during trading on Friday, reaching $17.74. The company had a trading volume of 3,184,010 shares, compared to its average volume of 4,020,514. Mattel, Inc. has a 52 week low of $13.94 and a 52 week high of $22.07. The company has a market cap of $5.72 billion, a P/E ratio of 11.45, a PEG ratio of 2.18 and a beta of 0.66. The business has a 50 day moving average of $18.42 and a 200 day moving average of $18.47. 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 released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm earned $0.19 earnings per share. Mattel's revenue was down 5.7% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, sell-side analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current fiscal 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.