Focus Partners Advisor Solutions LLC Invests $434,000 in Mattel, Inc. $MAT

Key Points

• Focus Partners Advisor Solutions LLC has invested approximately $434,000 in Mattel, acquiring 22,335 shares in the first quarter, showing significant confidence in the company's future.
• Mattel reported $0.19 EPS for the quarter, exceeding expectations, although its revenue was down 5.7% compared to the same period last year.
• Analysts have mixed views on Mattel, with a consensus rating of "Moderate Buy" and an average target price of $24.38, reflecting a range of opinions on the stock's potential.

Focus Partners Advisor Solutions LLC purchased a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 22,335 shares of the company's stock, valued at approximately $434,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MAT. Trust Co. of Vermont increased its holdings in shares of Mattel by 995.8% during the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock worth $26,000 after buying an additional 1,195 shares during the last quarter. Fifth Third Bancorp increased its holdings in Mattel by 52.9% in the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock valued at $54,000 after purchasing an additional 962 shares during the last quarter. UMB Bank n.a. increased its holdings in Mattel by 93.5% in the 1st quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock valued at $58,000 after purchasing an additional 1,447 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in Mattel in the 1st quarter valued at approximately $59,000. Finally, Sound Income Strategies LLC increased its holdings in Mattel by 10,226.7% in the 1st quarter. Sound Income Strategies LLC now owns 3,098 shares of the company's stock valued at $60,000 after purchasing an additional 3,068 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Stock Performance

Shares of MAT stock opened at $18.82 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. Mattel, Inc. has a 52 week low of $13.94 and a 52 week high of $22.07. The stock has a market capitalization of $6.06 billion, a PE ratio of 12.14, a P/E/G ratio of 2.27 and a beta of 0.66. The firm has a 50 day moving average of $18.59 and a two-hundred day moving average of $18.56.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter last year, the company posted $0.19 EPS. The firm's revenue was down 5.7% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, research analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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