Mattel, Inc. $MAT Stock Position Raised by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC significantly increased its stake in Mattel, Inc. by 386.2% during the first quarter, owning approximately 2.25% of the company, valued at about $139.2 million.
• Mattel reported earnings per share of $0.19 for the last quarter, exceeding expectations, but its revenue of $1.02 billion fell short of the projected $1.09 billion.
• Several analysts have adjusted their price targets for Mattel, with a consensus price target of $24.38 reflecting a generally positive outlook despite recent financial challenges.

AQR Capital Management LLC grew its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 386.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,260,394 shares of the company's stock after acquiring an additional 5,767,170 shares during the quarter. AQR Capital Management LLC owned about 2.25% of Mattel worth $139,218,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Trust Co. of Vermont grew its stake in shares of Mattel by 995.8% in the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock valued at $26,000 after buying an additional 1,195 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Mattel by 52.9% in the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock valued at $54,000 after buying an additional 962 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Mattel by 93.5% in the first quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock valued at $58,000 after buying an additional 1,447 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Mattel in the first quarter valued at about $59,000. Finally, Sound Income Strategies LLC grew its stake in shares of Mattel by 10,226.7% in the first quarter. Sound Income Strategies LLC now owns 3,098 shares of the company's stock valued at $60,000 after buying an additional 3,068 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Stock Down 1.4%

NASDAQ MAT traded down $0.26 during mid-day trading on Tuesday, reaching $18.25. 680,792 shares of the company's stock traded hands, compared to its average volume of 4,026,953. Mattel, Inc. has a 1-year low of $13.94 and a 1-year high of $22.07. The company has a fifty day simple moving average of $18.56 and a 200-day simple moving average of $18.49. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 2.29 and a beta of 0.66.

Mattel (NASDAQ:MAT - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. Mattel had a return on equity of 25.19% and a net margin of 9.87%.The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $0.19 EPS. Mattel'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. As a group, equities research analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

Analysts Set New Price Targets

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

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.