Campbell & CO Investment Adviser LLC Takes Position in Mattel, Inc. $MAT

Key Points

• Campbell & CO Investment Adviser LLC has acquired 122,752 shares of Mattel, Inc., valued at approximately $2.4 million during the first quarter.
• Mattel's latest earnings report showed earnings per share (EPS) of $0.19, beating analysts' expectations, but revenue of $1.02 billion fell short of the $1.09 billion forecast.
• Brokerages have recently updated their price targets for Mattel, with JPMorgan raising it to $25.00 and DA Davidson maintaining a "buy" rating with a target of $30.00.

Campbell & CO Investment Adviser LLC bought a new stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 122,752 shares of the company's stock, valued at approximately $2,385,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its holdings in Mattel by 56.2% in 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 in the last quarter. Raymond James Financial Inc. purchased a new position in Mattel in the 4th quarter valued at $660,000. Mariner LLC lifted its holdings in Mattel by 35.5% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Mattel by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,673,295 shares of the company's stock valued at $118,318,000 after purchasing an additional 453,390 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Mattel by 8.1% in the 4th quarter. MetLife Investment Management LLC now owns 189,940 shares of the company's stock valued at $3,368,000 after purchasing an additional 14,289 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Morgan Stanley raised their price objective on Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. DA Davidson reiterated a "buy" rating and set a $30.00 price target on shares of Mattel in a report on Thursday, May 15th. Roth Capital set a $22.00 price target on Mattel and gave the stock a "neutral" rating in a report on Friday, July 11th. Citigroup lifted their price target on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Finally, JPMorgan Chase & Co. lifted their price target on Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $24.38.

Mattel Trading Down 0.8%

Shares of NASDAQ:MAT traded down $0.16 during midday trading on Friday, reaching $18.31. 2,053,159 shares of the company's stock were exchanged, compared to its average volume of 4,085,138. The firm's 50 day simple moving average is $18.70 and its two-hundred day simple moving average is $18.70. 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 stock has a market cap of $5.90 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 2.26 and a beta of 0.62. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. Mattel had a return on equity of 25.19% and a net margin of 9.87%.Mattel's revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, sell-side analysts forecast 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.