Cwm LLC Lowers Holdings in Mattel, Inc. $MAT

Key Points

• Cwm LLC has reduced its holdings in Mattel, Inc. by 24.6%, now owning 64,047 shares valued at approximately $1.26 million.
• Mattel's stock recently opened at $18.37, with a 12-month range between $13.94 and $22.07, and currently has a market cap of $5.92 billion.
• The company reported $0.19 earnings per share in its last earnings release, slightly beating analyst expectations, despite a 5.7% year-over-year revenue decline.

Cwm LLC lessened its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 24.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,047 shares of the company's stock after selling 20,879 shares during the period. Cwm LLC's holdings in Mattel were worth $1,263,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Mattel by 42.8% during the first quarter. GAMMA Investing LLC now owns 5,058 shares of the company's stock valued at $98,000 after purchasing an additional 1,517 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Mattel in the 1st quarter worth about $362,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Mattel by 195.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,586 shares of the company's stock valued at $1,488,000 after purchasing an additional 50,700 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Mattel by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 39,479 shares of the company's stock valued at $767,000 after buying an additional 1,070 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Mattel in the 1st quarter worth approximately $375,000. Institutional investors own 97.15% of the company's stock.

Mattel Stock Down 0.2%

Mattel stock opened at $18.37 on Tuesday. Mattel, Inc. has a 12 month low of $13.94 and a 12 month high of $22.07. The stock has a fifty day simple moving average of $17.84 and a two-hundred day simple moving average of $17.97. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 2.33 and a beta of 0.68.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. The company had revenue of $1.02 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Equities analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MAT has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Weiss Ratings restated a "hold (c)" rating on shares of Mattel in a research report on Wednesday, October 8th. Roth Capital set a $22.00 price objective on Mattel and gave the stock a "neutral" rating in a report on Friday, July 11th. Finally, Wall Street Zen lowered Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Mattel currently has a consensus rating of "Moderate Buy" and an average price target of $24.38.

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.

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