Dimensional Fund Advisors LP Acquires 1,416,542 Shares of Mattel, Inc. $MAT

Key Points

• Dimensional Fund Advisors LP increased its stake in Mattel, Inc. by 21.2%, acquiring an additional 1,416,542 shares, bringing its total ownership to 8,089,837 shares, valued at approximately $157 million.
• Mattel reported a quarterly earnings per share (EPS) of $0.19, exceeding analysts' expectations of $0.16, while its revenue of $1.02 billion fell short of the forecast of $1.09 billion.
• Analysts have mixed ratings for Mattel, with a price target range between $16.00 and $25.00, and an average rating of "Moderate Buy".

Dimensional Fund Advisors LP raised its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 21.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,089,837 shares of the company's stock after buying an additional 1,416,542 shares during the period. Dimensional Fund Advisors LP owned approximately 2.51% of Mattel worth $157,179,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC increased its holdings in shares of Mattel by 479.5% in the first quarter. Cerity Partners LLC now owns 79,159 shares of the company's stock valued at $1,538,000 after buying an additional 65,499 shares in the last quarter. Private Client Services LLC bought a new position in shares of Mattel in the first quarter valued at $868,000. Principal Financial Group Inc. increased its holdings in shares of Mattel by 0.3% in the first quarter. Principal Financial Group Inc. now owns 775,203 shares of the company's stock valued at $15,062,000 after buying an additional 2,601 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Mattel in the first quarter valued at $475,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Mattel by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 2,513,336 shares of the company's stock valued at $48,834,000 after buying an additional 54,430 shares in the last quarter. Institutional investors own 97.15% of the company's stock.

Mattel Stock Up 3.3%

Shares of NASDAQ MAT traded up $0.59 during mid-day trading on Friday, reaching $18.36. The company had a trading volume of 2,408,452 shares, compared to its average volume of 4,530,851. Mattel, Inc. has a twelve month low of $13.94 and a twelve month high of $22.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.12 and a current ratio of 1.62. The stock has a market capitalization of $5.92 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 2.24 and a beta of 0.62. The stock's 50 day moving average is $18.75 and its 200-day moving average is $18.76.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business posted $0.19 earnings per share. Mattel's revenue for the quarter was down 5.7% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, equities analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

MAT has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. DA Davidson reissued a "buy" rating and set a $30.00 target price on shares of Mattel in a research note on Thursday, May 15th. Wall Street Zen downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Citigroup boosted their target price on shares of Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Finally, Roth Capital set a $22.00 target price on shares of Mattel and gave the company a "neutral" rating in a research note on Friday, July 11th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Mattel presently has an average rating of "Moderate Buy" and a consensus 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.