Mattel, Inc. $MAT Shares Bought by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Mattel, Inc. by 511.7%, owning approximately 418,810 shares worth $8,137,000 by the end of the first quarter.
• Analysts have set a consensus rating of "Moderate Buy" for Mattel, with an average target price of $24.38.
• Mattel reported a $0.19 EPS for the last quarter, exceeding expectations, but with a revenue decline of 5.7% year-over-year.

Intech Investment Management LLC raised its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 511.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 418,810 shares of the company's stock after acquiring an additional 350,346 shares during the quarter. Intech Investment Management LLC owned 0.13% of Mattel worth $8,137,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Mattel by 21.2% in the first quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company's stock valued at $157,179,000 after acquiring an additional 1,416,542 shares during the period. AQR Capital Management LLC increased its position in shares of Mattel by 386.2% in the first quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company's stock valued at $139,218,000 after buying an additional 5,767,170 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Mattel by 247.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company's stock valued at $129,240,000 after buying an additional 4,737,199 shares in the last quarter. LSV Asset Management increased its position in shares of Mattel by 14.1% in the first quarter. LSV Asset Management now owns 4,673,142 shares of the company's stock valued at $90,799,000 after buying an additional 578,677 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Mattel by 50.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company's stock valued at $80,709,000 after buying an additional 1,393,000 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MAT. JPMorgan Chase & Co. raised their price target on 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 objective on Mattel and gave the stock a "neutral" rating in a research report on Friday, July 11th. Citigroup lifted their price objective on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Finally, Wall Street Zen downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Mattel currently has an average rating of "Moderate Buy" and a consensus price target of $24.38.

Mattel Stock Performance

NASDAQ MAT traded down $0.04 during trading hours on Tuesday, hitting $17.39. The company had a trading volume of 1,602,013 shares, compared to its average volume of 4,002,941. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.07. The firm has a market cap of $5.60 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 2.16 and a beta of 0.66. 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 business has a fifty day simple moving average of $18.32 and a 200-day simple moving average of $18.37.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The business 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 company's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Equities analysts predict that Mattel, Inc. will post 1.7 EPS for the current year.

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.