123,800 Shares in Mattel, Inc. $MAT Purchased by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec has acquired 123,800 shares of Mattel, Inc., valued at approximately $2.4 million, indicating institutional interest in the company.
• Analysts have mixed opinions on Mattel; while Goldman Sachs lowered its price target to $21.00, Citigroup increased theirs to $24.00, reflecting a consensus average price target of $24.38.
• Mattel's latest earnings report showed a 5.7% revenue decline year-over-year, with a net profit margin of 9.87%, underscoring ongoing challenges despite beating EPS estimates.

Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 123,800 shares of the company's stock, valued at approximately $2,405,000.

Several other large investors have also added to or reduced their stakes in MAT. Envestnet Asset Management Inc. grew its stake in Mattel by 56.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 61,403 shares of the company's stock valued at $1,089,000 after purchasing an additional 22,093 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Mattel during the 4th quarter valued at about $660,000. Mariner LLC grew its stake in Mattel by 35.5% during the 4th quarter. Mariner LLC now owns 15,097 shares of the company's stock valued at $268,000 after purchasing an additional 3,959 shares during the last quarter. Hsbc Holdings PLC grew its stake in Mattel by 15.7% during the 4th quarter. Hsbc Holdings PLC now owns 29,460 shares of the company's stock valued at $521,000 after purchasing an additional 4,003 shares during the last quarter. Finally, Quarry LP grew its stake in Mattel by 130.3% during the 4th quarter. Quarry LP now owns 3,148 shares of the company's stock valued at $56,000 after purchasing an additional 1,781 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. DA Davidson reiterated a "buy" rating and set a $30.00 price target on shares of Mattel in a research note on Thursday, May 15th. Morgan Stanley upped their target price on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Citigroup upped their target price on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Roth Capital set a $22.00 target price on Mattel and gave the stock a "neutral" rating in a research note on Friday, July 11th. Finally, Wall Street Zen downgraded Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.38.

Mattel Price Performance

NASDAQ MAT traded down $0.16 during trading hours on Monday, reaching $18.30. The company's stock had a trading volume of 2,924,386 shares, compared to its average volume of 3,432,001. The firm 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 0.66. Mattel, Inc. has a 1-year low of $13.94 and a 1-year high of $22.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 1.12. The company's 50-day moving average is $18.68 and its two-hundred day moving average is $18.63.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. The company had revenue of $1.02 billion during 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%.Mattel's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, equities analysts predict that Mattel, Inc. will post 1.7 EPS for the current 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.