Caxton Associates LLP Acquires New Holdings in Mattel, Inc. $MAT

Key Points

• Caxton Associates LLP purchased 69,145 shares of Mattel, Inc. valued at approximately $1.34 million, marking a significant new stake in the company in the first quarter.
• Multiple institutional investors have increased their holdings in Mattel, with notable increases of 995.8% from Trust Co. of Vermont and 10,226.7% from Sound Income Strategies LLC.
• Mattel reported a Q1 earnings per share (EPS) of $0.19, surpassing expectations, but experienced a 5.7% decline in revenue year-over-year, with a forecast of 1.540-1.660 EPS for FY 2025.

Caxton Associates LLP acquired a new stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 69,145 shares of the company's stock, valued at approximately $1,343,000.

A number of other institutional investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in shares of Mattel by 50.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company's stock valued at $80,709,000 after acquiring an additional 1,393,000 shares during the last quarter. Kestra Investment Management LLC lifted its holdings in shares of Mattel by 18.3% in the 1st quarter. Kestra Investment Management LLC now owns 53,650 shares of the company's stock valued at $1,042,000 after acquiring an additional 8,301 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Mattel by 74.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company's stock valued at $67,000 after acquiring an additional 1,468 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Mattel in the 1st quarter valued at about $553,000. Finally, Hancock Whitney Corp bought a new position in shares of Mattel in the 1st quarter valued at about $335,000. Institutional investors own 97.15% of the company's stock.

Wall Street Analyst Weigh In

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

Mattel Trading Down 1.4%

Shares of NASDAQ:MAT traded down $0.26 during trading on Friday, reaching $17.74. 3,184,010 shares of the company were exchanged, compared to its average volume of 2,614,672. The firm has a market capitalization of $5.72 billion, a PE ratio of 11.45, a P/E/G ratio of 2.19 and a beta of 0.66. The business's fifty day simple moving average is $18.37 and its 200-day simple moving average is $18.44. Mattel, Inc. has a 12-month low of $13.94 and a 12-month 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.

Mattel (NASDAQ:MAT - Get Free Report) last issued 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. The business had revenue of $1.02 billion for 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%. The company's quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, research analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current 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.