FORA Capital LLC Makes New $569,000 Investment in Mattel, Inc. $MAT

Key Points

• FORA Capital LLC acquired 29,286 new shares of Mattel, Inc., valued at about $569,000, during the first quarter.
• Several institutional investors have increased their stakes in Mattel, with Envestnet Asset Management boosting its holdings by 56.2% in the fourth quarter.
• Wall Street analysts exhibit a mixed outlook, with price targets ranging from $17.00 to $30.00, and an average rating of "Moderate Buy" for Mattel's stock.

FORA Capital LLC acquired a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,286 shares of the company's stock, valued at approximately $569,000.

Other large investors also recently made changes to their positions in the company. Trust Co. of Vermont grew its position 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 purchasing an additional 1,195 shares in the last quarter. Fifth Third Bancorp grew its position 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 purchasing an additional 962 shares in the last quarter. Quarry LP grew its position 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 purchasing an additional 1,781 shares in the last quarter. UMB Bank n.a. grew its position 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 purchasing an additional 1,447 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in Mattel in the first quarter valued at $59,000. Institutional investors own 97.15% of the company's stock.

Mattel Stock Performance

MAT stock traded down $0.16 during trading hours on Monday, reaching $18.30. The stock had a trading volume of 2,924,386 shares, compared to its average volume of 3,432,001. The stock has a market capitalization of $5.90 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 2.23 and a beta of 0.66. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 1.12. The stock has a 50-day simple moving average of $18.68 and a 200 day simple moving average of $18.63. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.07.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MAT shares. Citigroup raised their target price on shares of Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Wall Street Zen downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Roth Capital set a $22.00 target price on shares of Mattel and gave the company a "neutral" rating in a research report on Friday, July 11th. The Goldman Sachs Group decreased their target price on shares of Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, DA Davidson reiterated a "buy" rating and issued a $30.00 price target on shares of Mattel in a research note on Thursday, May 15th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $24.38.

About Mattel

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.