Mattel, Inc. $MAT Shares Bought by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC increased its stake in Mattel, Inc. by 111.6%, owning 65,419 shares, valued at $1,271,000, following acquisitions in Q1.
• Several hedge funds significantly boosted their positions in Mattel during the 1st quarter, with Trust Co. of Vermont showing a remarkable 995.8% increase in shares.
• Mattel's recent earnings report indicated an EPS of $0.19, exceeding analysts' expectations, but revenue declined 5.7% year-over-year.

HighTower Advisors LLC raised its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 111.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,419 shares of the company's stock after purchasing an additional 34,496 shares during the quarter. HighTower Advisors LLC's holdings in Mattel were worth $1,271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MAT. Envestnet Asset Management Inc. grew its stake in shares of Mattel by 56.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 61,403 shares of the company's stock valued at $1,089,000 after purchasing an additional 22,093 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Mattel in the 4th quarter valued at approximately $660,000. Mariner LLC grew its stake in shares of Mattel by 35.5% in the 4th quarter. Mariner LLC now owns 15,097 shares of the company's stock valued at $268,000 after purchasing an additional 3,959 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Mattel by 26.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 25,439 shares of the company's stock valued at $451,000 after purchasing an additional 5,306 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Mattel by 15.7% in the 4th quarter. Hsbc Holdings PLC now owns 29,460 shares of the company's stock valued at $521,000 after purchasing an additional 4,003 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. DA Davidson reiterated a "buy" rating and issued a $30.00 target price on shares of Mattel in a research note on Thursday, May 15th. JPMorgan Chase & Co. lifted their price target on Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. The Goldman Sachs Group decreased their price target on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen downgraded Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Morgan Stanley lifted their price target on Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.38.

Mattel Price Performance

MAT stock traded down $0.16 during midday trading on Friday, hitting $18.30. 2,924,386 shares of the stock were exchanged, compared to its average volume of 3,553,263. The stock's 50-day moving average price is $18.68 and its 200-day moving average price is $18.68. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 2.25 and a beta of 0.62. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.07. 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 (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.09 billion. Mattel had a return on equity of 25.19% and a net margin of 9.87%.Mattel's revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 earnings per share. 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.

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.