BI Asset Management Fondsmaeglerselskab A S Buys 198,590 Shares of Mattel, Inc. $MAT

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Mattel, Inc. by 646.3%, acquiring 198,590 additional shares, bringing its total holdings to 229,319 shares worth approximately $4.46 million.
• Mattel's stock has seen various analyst ratings, with a current consensus of "Moderate Buy" and a target price set at $24.38 following upgrades from firms like Citigroup and JPMorgan Chase & Co.
• In its latest earnings report, Mattel reported $0.19 earnings per share, slightly exceeding analysts' expectations, but its revenue of $1.02 billion fell short of the forecasted $1.09 billion.

BI Asset Management Fondsmaeglerselskab A S lifted its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 646.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,319 shares of the company's stock after purchasing an additional 198,590 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.07% of Mattel worth $4,456,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of MAT. EdgePoint Investment Group Inc. raised its stake in Mattel by 14.9% in the fourth quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company's stock worth $818,681,000 after buying an additional 5,984,400 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Mattel by 21.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company's stock worth $157,179,000 after acquiring an additional 1,416,542 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Mattel by 247.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company's stock worth $129,240,000 after acquiring an additional 4,737,199 shares during the period. LSV Asset Management raised its position in shares of Mattel by 14.1% in the 1st quarter. LSV Asset Management now owns 4,673,142 shares of the company's stock worth $90,799,000 after acquiring an additional 578,677 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Mattel by 5.6% in the 1st quarter. Northern Trust Corp now owns 3,308,774 shares of the company's stock valued at $64,289,000 after purchasing an additional 176,031 shares during the period. Institutional investors own 97.15% of the company's stock.

Analyst Upgrades and Downgrades

MAT has been the topic of several research reports. Roth Capital set a $22.00 price target on Mattel and gave the stock a "neutral" rating in a research note on Friday, July 11th. The Goldman Sachs Group dropped their target price on shares of Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen cut shares of Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. upped their price objective on shares of Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, Citigroup raised their target price 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. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.38.

Mattel Stock Performance

Shares of Mattel stock opened at $17.70 on Thursday. 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 $18.78 and its 200 day moving average is $18.78. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 2.15 and a beta of 0.62. 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 data on Wednesday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. Mattel had a net margin of 9.87% and a return on equity of 25.19%. Mattel's revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Sell-side analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding MAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mattel, Inc. (NASDAQ:MAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.