Cibc World Market Inc. Purchases Shares of 85,910 Mattel, Inc. $MAT

Key Points

• Cibc World Market Inc. acquired 85,910 Mattel shares in the second quarter, valued at approximately $1.19 million. Institutional investors and hedge funds collectively own 97.15% of Mattel’s stock.
• Analyst sentiment is mixed, with Mattel holding an average “Hold” rating and an average price target of $17.80. Recent analysts lowered price targets, while ratings range from Strong Buy to Sell.
• Mattel reported quarterly revenue of $1.13 billion, up 10.5% year over year and above estimates, but earnings per share of $0.01 missed expectations of $0.04. The stock opened at $14.92, near its 50-day and 200-day moving averages.

Cibc World Market Inc. acquired a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 85,910 shares of the company's stock, valued at approximately $1,192,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Quarry LP bought a new position in shares of Mattel during the third quarter valued at approximately $28,000. Los Angeles Capital Management LLC purchased a new stake in Mattel in the fourth quarter worth $31,000. SJS Investment Consulting Inc. boosted its holdings in Mattel by 2,959.6% in the first quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company's stock valued at $25,000 after acquiring an additional 1,687 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in Mattel in the fourth quarter valued at $36,000. Finally, Farther Finance Advisors LLC boosted its holdings in Mattel by 107.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company's stock valued at $40,000 after acquiring an additional 1,048 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on MAT shares. Jefferies Financial Group restated a "buy" rating on shares of Mattel in a report on Wednesday, May 6th. JPMorgan Chase & Co. cut their target price on shares of Mattel from $14.00 to $13.00 and set an "underweight" rating on the stock in a research note on Thursday, April 30th. Citigroup reduced their price target on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, July 10th. Weiss Ratings downgraded shares of Mattel from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Finally, Roth Capital lowered their price objective on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Mattel presently has an average rating of "Hold" and an average target price of $17.80.

Mattel Price Performance

Shares of MAT stock opened at $14.92 on Friday. The business's fifty day moving average is $14.32 and its 200 day moving average is $14.98. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.47 and a beta of 0.72. Mattel, Inc. has a twelve month low of $12.73 and a twelve month high of $22.48.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.10 billion. Mattel had a net margin of 7.79% and a return on equity of 16.20%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Research analysts expect that Mattel, Inc. will post 1.32 EPS for the current fiscal year.

Mattel Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.

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