Man Group plc Buys New Stake in Mattel, Inc. $MAT

Man Group plc bought a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,334,961 shares of the company's stock, valued at approximately $18,529,000. Man Group plc owned 0.47% of Mattel at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAT. Public Employees Retirement System of Ohio boosted its holdings in Mattel by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company's stock valued at $1,688,000 after acquiring an additional 623 shares during the period. Sei Investments Co. increased its stake in shares of Mattel by 1.7% in the second quarter. Sei Investments Co. now owns 45,736 shares of the company's stock worth $902,000 after purchasing an additional 758 shares during the period. Quinn Opportunity Partners LLC lifted its position in shares of Mattel by 4.5% during the 4th quarter. Quinn Opportunity Partners LLC now owns 18,070 shares of the company's stock worth $359,000 after purchasing an additional 774 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Mattel by 6.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,397 shares of the company's stock worth $276,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Mattel by 107.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company's stock worth $40,000 after purchasing an additional 1,048 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on MAT shares. Odeon Capital Group initiated coverage on Mattel in a report on Thursday, July 16th. They issued a "buy" rating on the stock. Jefferies Financial Group reiterated a "buy" rating on shares of Mattel in a report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price objective on Mattel from $14.00 to $13.00 and set an "underweight" rating for the company in a research report on Thursday, April 30th. Citigroup lowered their price objective on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, July 10th. Finally, The Goldman Sachs Group lowered shares of Mattel from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $15.00 to $12.00 in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $17.80.

Mattel Stock Down 2.0%

MAT stock opened at $14.92 on Friday. Mattel, Inc. has a twelve month low of $12.73 and a twelve month high of $22.48. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17. The company has a market cap of $4.26 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 1.47 and a beta of 0.72. The business's 50-day simple moving average is $14.32 and its 200 day simple moving average is $14.98.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Mattel had a return on equity of 16.20% and a net margin of 7.79%.The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the business posted $0.19 EPS. Mattel's revenue was up 10.5% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, research analysts anticipate that Mattel, Inc. will post 1.32 earnings per share for the current year.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.

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