Comerica Bank Has $9.92 Million Stock Holdings in Mattel, Inc. $MAT

Key Points

• Comerica Bank increased its stake in Mattel, Inc. by 63.4%, owning approximately 0.16% of the company worth about $9.92 million after purchasing an additional 198,166 shares.
• Mattel reported a net income of $0.19 earnings per share for the last quarter, exceeding analyst expectations, although its revenue declined by 5.7% year-over-year.
• Investment analysts have mixed reviews on Mattel, with target prices ranging from $17.00 to $25.00 and an average rating of "Moderate Buy."

Comerica Bank raised its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 63.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 510,632 shares of the company's stock after purchasing an additional 198,166 shares during the quarter. Comerica Bank owned 0.16% of Mattel worth $9,922,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. EdgePoint Investment Group Inc. grew its position in shares of Mattel by 14.9% in the 4th quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company's stock worth $818,681,000 after acquiring an additional 5,984,400 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Mattel by 247.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company's stock worth $129,240,000 after acquiring an additional 4,737,199 shares in the last quarter. Freestone Grove Partners LP acquired a new position in shares of Mattel in the 4th quarter worth approximately $39,066,000. Dimensional Fund Advisors LP grew its position in shares of Mattel by 21.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company's stock worth $157,179,000 after acquiring an additional 1,416,542 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Mattel by 94.8% in the 4th quarter. AQR Capital Management LLC now owns 1,493,224 shares of the company's stock worth $26,370,000 after acquiring an additional 726,759 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Price Performance

Shares of MAT traded down $0.16 during midday trading 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. Mattel, Inc. has a 52 week low of $13.94 and a 52 week high of $22.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 1.12. The firm's 50 day moving average price is $18.68 and its 200-day moving average price is $18.65. The company has a market capitalization of $5.90 billion, a P/E ratio of 11.81, a P/E/G ratio of 2.23 and a beta of 0.62.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping 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 company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $0.19 EPS. The company's quarterly revenue was down 5.7% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MAT has been the subject of several research reports. The Goldman Sachs Group decreased their target price on Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Citigroup lifted their target price on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Wall Street Zen lowered Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. DA Davidson restated a "buy" rating and set a $30.00 price objective on shares of Mattel in a research report on Thursday, May 15th. Finally, Morgan Stanley boosted their price objective on Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $24.38.

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.