HS Management Partners LLC Increases Stock Holdings in Mattel, Inc. $MAT

Key Points

• HS Management Partners LLC increased its stock holdings in Mattel, Inc. by 4.5%, now owning approximately 2.36 million shares, making it the fund's 14th largest holding.
• Mattel reported $1.02 billion in revenue for its recent quarter, slightly below analyst estimates, while earnings per share surpassed expectations at $0.19.
• Analysts have set a consensus target price of $24.38 for Mattel, with a mix of buy and hold ratings from different firms, indicating investor interest in the stock.

HS Management Partners LLC raised its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,358,525 shares of the company's stock after acquiring an additional 101,225 shares during the period. Mattel comprises approximately 3.8% of HS Management Partners LLC's portfolio, making the stock its 14th biggest holding. HS Management Partners LLC owned about 0.73% of Mattel worth $46,510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cerity Partners LLC boosted its position in Mattel by 479.5% during the 1st quarter. Cerity Partners LLC now owns 79,159 shares of the company's stock valued at $1,538,000 after buying an additional 65,499 shares during the period. Private Client Services LLC bought a new stake in shares of Mattel during the 1st quarter valued at $868,000. Principal Financial Group Inc. raised its position in shares of Mattel by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 775,203 shares of the company's stock worth $15,062,000 after purchasing an additional 2,601 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Mattel in the 1st quarter worth about $475,000. Finally, Bank of New York Mellon Corp raised its position in Mattel by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 2,513,336 shares of the company's stock worth $48,834,000 after buying an additional 54,430 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors.

Mattel Stock Up 1.4%

Mattel stock opened at $16.90 on Friday. 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 business has a 50 day simple moving average of $17.83 and a 200-day simple moving average of $18.18. The stock has a market capitalization of $5.45 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 2.11 and a beta of 0.66. Mattel, Inc. has a 12 month low of $13.94 and a 12 month high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping 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 company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company posted $0.19 earnings per share. 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, analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. 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. Citigroup increased their price target on Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a report on Monday, June 16th. Wall Street Zen lowered Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, JPMorgan Chase & Co. raised their price objective on Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.