Alyeska Investment Group L.P. increased its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 30.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,008,450 shares of the company's stock after buying an additional 1,399,771 shares during the period. Alyeska Investment Group L.P. owned about 2.10% of Mattel worth $83,397,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Sei Investments Co. increased its position in Mattel by 107.3% during the first quarter. Sei Investments Co. now owns 2,159,405 shares of the company's stock worth $31,376,000 after buying an additional 1,117,726 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Mattel in the second quarter valued at $363,273,000. K.J. Harrison & Partners Inc lifted its position in shares of Mattel by 1,323.5% in the fourth quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company's stock valued at $4,801,000 after acquiring an additional 225,000 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of Mattel during the second quarter valued at $3,147,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Mattel by 514.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 644,268 shares of the company's stock valued at $9,361,000 after acquiring an additional 539,373 shares during the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently weighed in on MAT. Jefferies Financial Group reissued a "buy" rating on shares of Mattel in a research note on Wednesday, May 6th. Wall Street Zen cut shares of Mattel from a "buy" rating to a "hold" rating in a research note on Sunday, May 10th. Odeon Capital Group assumed coverage on shares of Mattel in a report on Thursday, July 16th. They set a "buy" rating for the company. The Goldman Sachs Group downgraded shares of Mattel from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $15.00 to $12.00 in a report on Thursday, July 9th. Finally, Citigroup cut their price objective on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Mattel presently has an average rating of "Hold" and an average price target of $17.80.
View Our Latest Stock Analysis on MAT
Mattel Price Performance
MAT opened at $15.14 on Friday. Mattel, Inc. has a 1 year low of $12.73 and a 1 year high of $22.48. The company's 50 day simple moving average is $14.34 and its 200 day simple moving average is $14.98. The stock has a market capitalization of $4.33 billion, a PE ratio of 11.13, a P/E/G ratio of 1.46 and a beta of 0.72. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.26 and a current ratio of 1.90.
Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. Mattel had a return on equity of 16.20% and a net margin of 7.79%.The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the company posted $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, sell-side analysts expect that Mattel, Inc. will post 1.32 EPS for the current year.
Mattel Profile
(
Free Report)
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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