Fuller & Thaler Asset Management Inc. Acquires 4,737,199 Shares of Mattel, Inc. $MAT

Key Points

• Fuller & Thaler Asset Management Inc. increased its position in Mattel, Inc. by 247.5%, acquiring an additional 4,737,199 shares, which brought its total ownership to approximately 6.65 million shares worth $129.24 million.
• Several analysts have adjusted their price targets for Mattel, with Goldman Sachs lowering it from $24.00 to $21.00, while Citigroup raised it from $22.00 to $24.00, reflecting a mix of ratings with a consensus target price of $24.38.
• Mattel recently reported earnings of $0.19 per share, beating analyst expectations, but its revenue of $1.02 billion fell short of the consensus estimate of $1.09 billion, indicating a 5.7% year-over-year decline.

Fuller & Thaler Asset Management Inc. boosted its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 247.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,651,568 shares of the company's stock after acquiring an additional 4,737,199 shares during the period. Fuller & Thaler Asset Management Inc. owned 2.06% of Mattel worth $129,240,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Yousif Capital Management LLC raised its position in shares of Mattel by 0.7% in the first quarter. Yousif Capital Management LLC now owns 119,902 shares of the company's stock valued at $2,330,000 after purchasing an additional 884 shares during the period. Brighton Jones LLC raised its position in shares of Mattel by 7.4% in the first quarter. Brighton Jones LLC now owns 12,972 shares of the company's stock valued at $252,000 after purchasing an additional 890 shares during the period. State of Michigan Retirement System raised its position in shares of Mattel by 1.1% in the first quarter. State of Michigan Retirement System now owns 80,633 shares of the company's stock valued at $1,567,000 after purchasing an additional 900 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Mattel by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 94,400 shares of the company's stock valued at $1,834,000 after purchasing an additional 900 shares during the period. Finally, LPL Financial LLC raised its position in shares of Mattel by 3.9% in the fourth quarter. LPL Financial LLC now owns 24,986 shares of the company's stock valued at $443,000 after purchasing an additional 935 shares during the period. Institutional investors own 97.15% of the company's stock.

Mattel Trading Up 0.2%

Shares of Mattel stock traded up $0.04 during trading on Wednesday, reaching $17.70. The company's stock had a trading volume of 3,649,968 shares, compared to its average volume of 5,381,406. Mattel, Inc. has a 52-week low of $13.94 and a 52-week high of $22.07. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 2.15 and a beta of 0.62. The firm's 50-day moving average is $18.78 and its two-hundred day moving average is $18.78. 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 (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share 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 business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the prior year, the company posted $0.19 EPS. The firm'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. On average, sell-side analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group decreased their target price on shares of Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Roth Capital set a $22.00 target price on shares of Mattel and gave the stock a "neutral" rating in a report on Friday, July 11th. JPMorgan Chase & Co. upped their target price on shares of Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, Wall Street Zen lowered shares of Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.38.

Mattel 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.