Ieq Capital LLC Increases Stake in Mattel, Inc. $MAT

Key Points

• Ieq Capital LLC significantly increased its stake in Mattel, Inc. by 325.8% in the first quarter, now holding 312,424 shares worth approximately $6.07 million.
• Analyst opinions on Mattel vary, with five rating it as a "Buy" and three as a "Hold," and the consensus target price set at $24.38.
• Mattel's recent quarterly earnings report showed earnings per share of $0.19, exceeding the consensus estimate, but revenue declined by 5.7% year-over-year.

Ieq Capital LLC boosted its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 325.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 312,424 shares of the company's stock after purchasing an additional 239,049 shares during the quarter. Ieq Capital LLC owned about 0.10% of Mattel worth $6,070,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in shares of Mattel by 56.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 61,403 shares of the company's stock worth $1,089,000 after purchasing an additional 22,093 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Mattel during the fourth quarter valued at $660,000. Mariner LLC raised its stake in Mattel by 35.5% during the fourth quarter. Mariner LLC now owns 15,097 shares of the company's stock valued at $268,000 after buying an additional 3,959 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Mattel by 15.7% in the fourth quarter. Hsbc Holdings PLC now owns 29,460 shares of the company's stock worth $521,000 after acquiring an additional 4,003 shares in the last quarter. Finally, Quarry LP grew its stake in shares of Mattel by 130.3% in the fourth quarter. Quarry LP now owns 3,148 shares of the company's stock worth $56,000 after acquiring an additional 1,781 shares during the last quarter. Institutional investors own 97.15% of the company's stock.

Wall Street Analyst Weigh In

MAT has been the subject of several recent analyst reports. Roth Capital set a $22.00 price target on Mattel and gave the stock a "neutral" rating in a research report on Friday, July 11th. Wall Street Zen lowered shares of Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Morgan Stanley upped their target price on shares of Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group cut their price target 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. Finally, Citigroup boosted their price objective on shares of Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.38.

Mattel Stock Performance

MAT traded down $0.16 during midday trading on Friday, hitting $18.30. 2,924,386 shares of the company traded hands, compared to its average volume of 3,432,001. The company's 50-day moving average is $18.68 and its 200 day moving average is $18.63. 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 firm has a market capitalization of $5.90 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 2.23 and a beta of 0.66. Mattel, Inc. has a 52 week low of $13.94 and a 52 week high of $22.07.

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, topping analysts' consensus estimates of $0.16 by $0.03. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The business's revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, research analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

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.