Kodai Capital Management LP Buys 189,441 Shares of Mattel, Inc. $MAT

Key Points

• Kodai Capital Management LP increased its holdings in Mattel, Inc. by 35.5%, owning 723,624 shares valued at $14.06 million as of the end of the first quarter.
• Mattel reported $0.19 EPS for the last quarter, exceeding analysts' consensus estimate of $0.16, but its revenue of $1.02 billion fell short of expectations.
• Investment analysts have mixed views on Mattel, with a consensus rating of "Moderate Buy" and an average price target of $24.38.

Kodai Capital Management LP increased its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 35.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 723,624 shares of the company's stock after acquiring an additional 189,441 shares during the quarter. Kodai Capital Management LP owned approximately 0.22% of Mattel worth $14,060,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Roth Capital set a $22.00 price target on Mattel and gave the stock a "neutral" rating in a research note on Friday, July 11th. Morgan Stanley increased their price objective on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. increased their price target on shares of Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. The Goldman Sachs Group dropped their target price 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, Wall Street Zen downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Mattel presently has an average rating of "Moderate Buy" and a consensus target price of $24.38.

Mattel Trading Down 0.9%

Shares of NASDAQ:MAT traded down $0.16 during midday trading on Monday, reaching $18.30. The company had a trading volume of 2,924,386 shares, compared to its average volume of 3,432,001. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.12 and a current ratio of 1.62. Mattel, Inc. has a 1-year low of $13.94 and a 1-year high of $22.07. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 2.23 and a beta of 0.66. The company has a fifty day simple moving average of $18.68 and a two-hundred day simple moving average of $18.63.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 EPS 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 firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company posted $0.19 EPS. The business's quarterly revenue was down 5.7% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Research analysts predict that Mattel, Inc. will post 1.7 earnings per share 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.