Connor Clark & Lunn Investment Management Ltd. cut its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 75.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,970 shares of the company's stock after selling 201,866 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Mattel were worth $1,262,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in MAT. Trust Co. of Vermont boosted its holdings in Mattel by 995.8% in the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock valued at $26,000 after acquiring an additional 1,195 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Mattel by 52.9% in the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock valued at $54,000 after acquiring an additional 962 shares during the last quarter. Quarry LP boosted its holdings in Mattel by 130.3% in the fourth quarter. Quarry LP now owns 3,148 shares of the company's stock valued at $56,000 after acquiring an additional 1,781 shares during the last quarter. UMB Bank n.a. boosted its holdings in Mattel by 93.5% in the first quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock valued at $58,000 after acquiring an additional 1,447 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in Mattel by 10,226.7% in the first quarter. Sound Income Strategies LLC now owns 3,098 shares of the company's stock valued at $60,000 after acquiring an additional 3,068 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.
Mattel Stock Up 0.4%
Shares of Mattel stock traded up $0.0720 during trading hours on Wednesday, hitting $17.7320. 1,339,080 shares of the company's stock traded hands, compared to its average volume of 4,140,674. The stock has a 50 day simple moving average of $18.82 and a 200-day simple moving average of $18.78. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. The company has a market cap of $5.71 billion, a PE ratio of 11.45, a PEG ratio of 2.19 and a beta of 0.62. Mattel, Inc. has a twelve month low of $13.94 and a twelve month high of $22.07.
Mattel (NASDAQ:MAT - Get Free Report) last announced 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%.The company's revenue was down 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.19 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Equities research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on MAT. The Goldman Sachs Group reduced their target price on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. DA Davidson reissued a "buy" rating and issued a $30.00 price objective on shares of Mattel in a research report on Thursday, May 15th. Citigroup boosted their price objective on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. JPMorgan Chase & Co. increased their target price on Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley boosted their price target on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.38.
Read Our Latest Analysis on MAT
Mattel Profile
(
Free Report)
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.
Featured Articles
Before you consider Mattel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mattel wasn't on the list.
While Mattel currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access