American Century Companies Inc. Acquires 221,336 Shares of Mattel, Inc. $MAT

Key Points

• American Century Companies Inc. increased its stake in Mattel, Inc. by 27.5% during Q1, holding a total of 1,027,256 shares worth approximately $19.96 million.
• Mattel's recent earnings report showed an EPS of $0.19, surpassing expectations of $0.16, but with a revenue of $1.02 billion, falling short of the anticipated $1.09 billion.
• Analysts have a consensus price target of $24.38 for Mattel, with ratings ranging from "buy" to "hold" from various research firms.

American Century Companies Inc. raised its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 27.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,027,256 shares of the company's stock after acquiring an additional 221,336 shares during the quarter. American Century Companies Inc. owned approximately 0.32% of Mattel worth $19,960,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Yousif Capital Management LLC lifted its holdings in Mattel by 0.7% in the first quarter. Yousif Capital Management LLC now owns 119,902 shares of the company's stock valued at $2,330,000 after acquiring an additional 884 shares during the period. Brighton Jones LLC lifted its holdings in Mattel by 7.4% in the first quarter. Brighton Jones LLC now owns 12,972 shares of the company's stock valued at $252,000 after acquiring an additional 890 shares during the period. State of Michigan Retirement System lifted its holdings in Mattel by 1.1% in the first quarter. State of Michigan Retirement System now owns 80,633 shares of the company's stock valued at $1,567,000 after acquiring an additional 900 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Mattel by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 94,400 shares of the company's stock valued at $1,834,000 after acquiring an additional 900 shares during the period. Finally, LPL Financial LLC lifted its holdings in Mattel by 3.9% in the fourth quarter. LPL Financial LLC now owns 24,986 shares of the company's stock valued at $443,000 after acquiring an additional 935 shares during the period. Institutional investors own 97.15% of the company's stock.

Mattel Price Performance

NASDAQ:MAT opened at $18.36 on Friday. 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 business's 50-day simple moving average is $18.75 and its two-hundred day simple moving average is $18.76. The stock has a market cap of $5.92 billion, a PE ratio of 11.85, a P/E/G ratio of 2.24 and a beta of 0.62. 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 results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.09 billion. Mattel had a return on equity of 25.19% and a net margin of 9.87%.The business's quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.19 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on MAT. JPMorgan Chase & Co. increased their target price on Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Citigroup boosted their price target on Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a report on Monday, June 16th. Wall Street Zen lowered Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Roth Capital set a $22.00 target price on shares of Mattel and gave the stock a "neutral" rating in a research note on Friday, July 11th. Finally, The Goldman Sachs Group decreased their target price on shares of Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Five 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 has an average rating of "Moderate Buy" and a consensus price target 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.

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