Freestone Grove Partners LP Takes Position in Mattel, Inc. $MAT

Key Points

• Freestone Grove Partners acquired 1.12 million Mattel shares worth approximately $15.6 million, representing 0.39% of the company. Other institutional investors also initiated positions, with institutions collectively owning 97.15% of Mattel.
• Analyst sentiment is mixed: Mattel has an average “Hold” rating and a consensus price target of $17.80, with recent targets ranging from $13 to $22.
• Mattel’s latest quarterly revenue rose 10.5% year over year to $1.13 billion, but earnings of $0.01 per share fell short of the $0.04 consensus estimate. Shares opened at $14.92, near the midpoint of their 12-month range.

Freestone Grove Partners LP bought a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,120,413 shares of the company's stock, valued at approximately $15,551,000. Freestone Grove Partners LP owned 0.39% of Mattel as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MAT. Man Group plc acquired a new position in Mattel in the 2nd quarter worth approximately $18,529,000. Lotus Technology Management LP acquired a new stake in Mattel during the 2nd quarter valued at approximately $623,000. Jupiter Topco LLC acquired a new stake in Mattel during the 2nd quarter valued at approximately $1,660,000. III Capital Management purchased a new stake in shares of Mattel in the 2nd quarter valued at $1,834,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Mattel in the 2nd quarter valued at $365,000. Hedge funds and other institutional investors own 97.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Mattel from $14.00 to $13.00 and set an "underweight" rating for the company in a report on Thursday, April 30th. Citigroup lowered their price target on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, July 10th. Argus reaffirmed a "buy" rating and set a $22.00 price target on shares of Mattel in a research report on Tuesday. Weiss Ratings lowered Mattel from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Mattel in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Mattel presently has an average rating of "Hold" and an average target price of $17.80.

Mattel Price Performance

Shares of NASDAQ MAT opened at $14.92 on Friday. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.47 and a beta of 0.72. Mattel, Inc. has a 12 month low of $12.73 and a 12 month high of $22.48. The firm's 50 day simple moving average is $14.32 and its 200-day simple moving average is $14.98. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 1.26.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mattel had a net margin of 7.79% and a return on equity of 16.20%. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same period last year, the firm earned $0.19 earnings per share. Mattel's revenue for the quarter was up 10.5% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Analysts expect that Mattel, Inc. will post 1.32 EPS for the current year.

Mattel Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.

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