Mattel, Inc. $MAT Shares Sold by Empowered Funds LLC

Key Points

• Empowered Funds LLC reduced its stake in Mattel, Inc. by 5.5%, now holding 388,866 shares valued at approximately $7.56 million.
• Mattel reported $1.02 billion in revenue for the last quarter, falling short of analysts' expectations, and set its FY 2025 EPS guidance between 1.540 and 1.660.
• Currently, the consensus rating for Mattel stock is "Moderate Buy" with a target price of $24.38.

Empowered Funds LLC lessened its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 388,866 shares of the company's stock after selling 22,725 shares during the quarter. Empowered Funds LLC owned about 0.12% of Mattel worth $7,556,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MAT. Ameriprise Financial Inc. boosted its holdings in shares of Mattel by 1.9% during the fourth quarter. Ameriprise Financial Inc. now owns 356,007 shares of the company's stock worth $6,312,000 after purchasing an additional 6,726 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Mattel during the fourth quarter worth $212,000. EP Wealth Advisors LLC boosted its holdings in shares of Mattel by 11.7% during the fourth quarter. EP Wealth Advisors LLC now owns 13,153 shares of the company's stock worth $233,000 after purchasing an additional 1,376 shares during the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of Mattel by 2.2% during the fourth quarter. Ensign Peak Advisors Inc now owns 124,926 shares of the company's stock worth $2,215,000 after purchasing an additional 2,730 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of Mattel during the fourth quarter worth $198,000. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Price Performance

Shares of Mattel stock opened at $17.93 on Thursday. Mattel, Inc. has a twelve month low of $13.94 and a twelve month high of $22.07. The stock has a market capitalization of $5.78 billion, a P/E ratio of 11.57, a PEG ratio of 2.23 and a beta of 0.66. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. The business's fifty day moving average price is $18.47 and its 200 day moving average price is $18.49.

Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share 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 last year, the firm earned $0.19 earnings per share. The firm's revenue for the quarter was down 5.7% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Ratings Changes

MAT has been the topic of several analyst reports. DA Davidson restated a "buy" rating and set a $30.00 price objective on shares of Mattel in a report on Thursday, May 15th. Wall Street Zen cut Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Citigroup lifted their target price on Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a report on Monday, June 16th. JPMorgan Chase & Co. lifted their target price on Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Roth Capital set a $22.00 target price on Mattel and gave the company a "neutral" rating in a report on Friday, July 11th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.38.

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.

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