Galvin Gaustad & Stein LLC Purchases 70,542 Shares of Mattel, Inc. $MAT

Key Points

• Galvin Gaustad & Stein LLC acquired 70,542 additional shares of Mattel, increasing its stake by 11.8%, bringing its total ownership to approximately 667,160 shares valued at $13.16 million.
• Mattel's quarterly earnings report showed earnings of $0.19 per share, exceeding analyst estimates of $0.16, despite a 5.7% year-over-year decline in revenue to $1.02 billion.
• Several analysts have raised their target prices for Mattel, with JPMorgan Chase increasing it from $23 to $25, indicating a shift towards a positive outlook for the stock.

Galvin Gaustad & Stein LLC grew its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 11.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 667,160 shares of the company's stock after buying an additional 70,542 shares during the period. Galvin Gaustad & Stein LLC owned approximately 0.21% of Mattel worth $13,156,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont increased its position in 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 period. Parallel Advisors LLC increased its position in Mattel by 189.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,609 shares of the company's stock worth $32,000 after buying an additional 1,054 shares during the period. IFP Advisors Inc grew its holdings in shares of Mattel by 90.6% during the 2nd quarter. IFP Advisors Inc now owns 2,215 shares of the company's stock worth $44,000 after purchasing an additional 1,053 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Mattel by 52.9% during the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock worth $54,000 after purchasing an additional 962 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Mattel by 93.5% during the 1st quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock worth $58,000 after purchasing an additional 1,447 shares in the last quarter. Institutional investors own 97.15% of the company's stock.

Mattel Stock Performance

Shares of MAT stock opened at $18.10 on Friday. The business's 50-day moving average price is $17.74 and its 200-day moving average price is $18.03. Mattel, Inc. has a 12 month low of $13.94 and a 12 month high of $22.07. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 2.33 and a beta of 0.68. The company has a current ratio of 1.62, a quick ratio of 1.12 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 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. Mattel had a return on equity of 25.19% and a net margin of 9.87%.The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm posted $0.19 earnings per share. The business's revenue for the quarter was down 5.7% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Equities research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MAT shares. JPMorgan Chase & Co. increased their target price on Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Citigroup increased their target price on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Weiss Ratings reissued a "hold (c)" rating on shares of Mattel in a report on Wednesday. Roth Capital set a $22.00 target price on Mattel and gave the stock a "neutral" rating in a report on Friday, July 11th. Finally, Wall Street Zen lowered Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Mattel currently has a consensus rating of "Moderate Buy" and a consensus 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.

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