Capital Fund Management S.A. Has $8.84 Million Holdings in Mattel, Inc. $MAT

Key Points

• Capital Fund Management S.A. reduced its stake in Mattel, Inc. by 13.2%, holding approximately $8.84 million worth of shares after selling 69,348 during the first quarter.
• Mattel's latest quarter earnings per share (EPS) were $0.19, exceeding analysts' expectations of $0.16, although the company's revenue fell 5.7% year-over-year.
• Analysts have mixed views on Mattel, with five giving it a "Buy" rating, three assigning a "Hold" rating, and an average target price of $24.38 for the stock.

Capital Fund Management S.A. trimmed its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 13.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 455,115 shares of the company's stock after selling 69,348 shares during the quarter. Capital Fund Management S.A. owned approximately 0.14% of Mattel worth $8,843,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MAT. LPL Financial LLC boosted its stake in shares of Mattel by 3.9% during the fourth quarter. LPL Financial LLC now owns 24,986 shares of the company's stock valued at $443,000 after purchasing an additional 935 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Mattel by 56.2% during the fourth 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. Russell Investments Group Ltd. boosted its stake in shares of Mattel by 20.0% during the fourth quarter. Russell Investments Group Ltd. now owns 10,458 shares of the company's stock valued at $185,000 after purchasing an additional 1,740 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of Mattel during the fourth quarter valued at about $245,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Mattel during the fourth quarter valued at about $2,489,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MAT shares. The Goldman Sachs Group cut their price target on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Citigroup lifted their price target on Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Roth Capital set a $22.00 price objective on Mattel and gave the stock a "neutral" rating in a research note on Friday, July 11th. Morgan Stanley upped their target price on Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Finally, Wall Street Zen cut Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Five 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 presently has an average rating of "Moderate Buy" and an average target price of $24.38.

Mattel Price Performance

Mattel stock opened at $17.77 on Friday. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 2.16 and a beta of 0.62. Mattel, Inc. has a 52-week low of $13.94 and a 52-week high of $22.07. The stock's 50 day moving average price is $18.75 and its two-hundred day moving average price is $18.78. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.12 and a current ratio of 1.62.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. The firm 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 company's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $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 earnings per share for the current year.

Mattel 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.

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