Redwood Investment Management LLC Takes Position in Mattel, Inc. $MAT

Key Points

• Redwood Investment Management LLC acquired 67,753 shares of Mattel, Inc. in the first quarter, valued at approximately $1.316 million, indicating growing interest from institutional investors.
• Several analysts have issued mixed ratings on Mattel; while Citigroup raised its target price to $24.00, Wall Street Zen downgraded the stock from a "buy" to a "hold" rating.
• Mattel's recent earnings report revealed a 5.7% decrease in quarterly revenue year-over-year, with earnings per share of $0.19, beating expectations by $0.03.

Redwood Investment Management LLC bought a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 67,753 shares of the company's stock, valued at approximately $1,316,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MAT. Trust Co. of Vermont raised its stake in shares of Mattel by 995.8% in the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock valued at $26,000 after acquiring an additional 1,195 shares during the period. Fifth Third Bancorp raised its stake in shares of Mattel by 52.9% in the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock valued at $54,000 after acquiring an additional 962 shares during the period. Quarry LP raised its stake in shares of Mattel by 130.3% in the 4th quarter. Quarry LP now owns 3,148 shares of the company's stock valued at $56,000 after acquiring an additional 1,781 shares during the period. UMB Bank n.a. raised its stake in shares of Mattel by 93.5% in the 1st quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock valued at $58,000 after acquiring an additional 1,447 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Mattel in the 1st quarter valued at approximately $59,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Down 0.9%

Shares of NASDAQ:MAT traded down $0.16 during trading hours on Friday, reaching $18.30. The stock had a trading volume of 2,924,386 shares, compared to its average volume of 3,553,263. Mattel, Inc. has a 1 year low of $13.94 and a 1 year high of $22.07. The firm's 50 day moving average is $18.68 and its 200-day moving average is $18.65. 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 stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 2.23 and a beta of 0.62.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $0.19 EPS. The company's quarterly revenue was down 5.7% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Research analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their price target 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. Wall Street Zen downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Morgan Stanley upped their target price on shares of Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. DA Davidson reaffirmed a "buy" rating and set a $30.00 target price on shares of Mattel in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.38.

Mattel 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.