Hancock Whitney Corp Buys New Stake in Mattel, Inc. $MAT

Key Points

• Hancock Whitney Corp acquired a new stake in Mattel, Inc., purchasing 17,220 shares valued at approximately $335,000 during the first quarter.
• Several institutional investors, including AlphaQuest LLC and Yousif Capital Management LLC, have increased their stakes in Mattel, indicating strong institutional interest.
• Mattel reported $0.19 earnings per share for the latest quarter, beating estimates while facing a 5.7% year-over-year revenue decline and setting fiscal 2025 EPS guidance at 1.540-1.660.

Hancock Whitney Corp bought a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 17,220 shares of the company's stock, valued at approximately $335,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaQuest LLC boosted its stake in Mattel by 13.0% during the first quarter. AlphaQuest LLC now owns 4,782 shares of the company's stock worth $93,000 after buying an additional 551 shares during the period. Yousif Capital Management LLC lifted its stake in Mattel by 0.7% in the first quarter. Yousif Capital Management LLC now owns 119,902 shares of the company's stock worth $2,330,000 after acquiring an additional 884 shares during the period. Brighton Jones LLC lifted its stake in Mattel by 7.4% in the first quarter. Brighton Jones LLC now owns 12,972 shares of the company's stock worth $252,000 after acquiring an additional 890 shares during the period. State of Michigan Retirement System lifted its stake in Mattel by 1.1% in the first quarter. State of Michigan Retirement System now owns 80,633 shares of the company's stock worth $1,567,000 after acquiring an additional 900 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in Mattel by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 94,400 shares of the company's stock worth $1,834,000 after acquiring an additional 900 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Performance

MAT opened at $18.82 on Monday. Mattel, Inc. has a 52-week low of $13.94 and a 52-week high of $22.07. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. The company has a market cap of $6.06 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 2.29 and a beta of 0.66. The firm's 50-day moving average price is $18.59 and its 200-day moving average price is $18.51.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 earnings per share (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 firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company'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. As a group, equities analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wall Street Zen lowered shares of Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. DA Davidson reissued a "buy" rating and set a $30.00 price target on shares of Mattel in a research report on Thursday, May 15th. JPMorgan Chase & Co. increased their price target on shares of Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Roth Capital set a $22.00 price target on shares of Mattel and gave the company a "neutral" rating in a research report on Friday, July 11th. Finally, Citigroup increased their price target 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. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.

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