Mattel, Inc. $MAT Shares Bought by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in Mattel, Inc. by 5.6%, owning about 3.3 million shares valued at $64.3 million as of its recent SEC filing.
• Several hedge funds have significantly raised their positions in Mattel, including Cerity Partners LLC, which raised its stake by 479.5% during the first quarter.
• Mattel's latest earnings report showed a profit of $0.19 per share, exceeding expectations, but the company's revenue fell 5.7% year-over-year to $1.02 billion.

Northern Trust Corp boosted its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 5.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,308,774 shares of the company's stock after buying an additional 176,031 shares during the period. Northern Trust Corp owned approximately 1.02% of Mattel worth $64,289,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MAT. Trust Co. of Vermont grew its position in Mattel by 995.8% in the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock valued at $26,000 after acquiring an additional 1,195 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Mattel by 52.9% during the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock worth $54,000 after buying an additional 962 shares in the last quarter. Quarry LP grew its position in shares of Mattel by 130.3% during the 4th quarter. Quarry LP now owns 3,148 shares of the company's stock worth $56,000 after buying an additional 1,781 shares in the last quarter. UMB Bank n.a. grew its position in shares of Mattel by 93.5% during the 1st quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock worth $58,000 after buying an additional 1,447 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Mattel during the 1st quarter worth $59,000. Hedge funds and other institutional investors own 97.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. 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. Morgan Stanley increased their price target on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group dropped their price target on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Citigroup increased their price target on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Finally, JPMorgan Chase & Co. increased their price target on Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.38.

Mattel Price Performance

Shares of MAT traded down $0.16 on Friday, reaching $18.30. The stock had a trading volume of 2,924,386 shares, compared to its average volume of 3,553,263. The firm has a 50-day moving average of $18.68 and a 200 day moving average of $18.68. The firm has a market capitalization of $5.90 billion, a PE ratio of 11.81, a PEG ratio of 2.25 and a beta of 0.62. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. Mattel, Inc. has a twelve month low of $13.94 and a twelve month high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the prior year, the firm earned $0.19 EPS. Mattel's quarterly revenue was down 5.7% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Sell-side analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

Mattel Company 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.