Nuveen LLC Makes New $13.87 Million Investment in Mattel, Inc. $MAT

Key Points

• Nuveen LLC invested approximately $13.87 million in Mattel, acquiring 713,577 shares and holding roughly 0.22% of the company.
• Mattel reported a quarterly EPS of $0.19, exceeding analysts’ estimates, but experienced a 5.7% decline in revenue year-over-year.
• Citigroup raised its price target for Mattel from $22.00 to $24.00, while the consensus target price stands at $24.38 according to Wall Street analysts.

Nuveen LLC acquired a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 713,577 shares of the company's stock, valued at approximately $13,865,000. Nuveen LLC owned approximately 0.22% of Mattel as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Trust Co. of Vermont raised its position in Mattel by 995.8% in the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock worth $26,000 after acquiring an additional 1,195 shares in the last quarter. Fifth Third Bancorp raised its position in Mattel by 52.9% in the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock worth $54,000 after acquiring an additional 962 shares in the last quarter. UMB Bank n.a. raised its position in Mattel by 93.5% in the first quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock worth $58,000 after acquiring an additional 1,447 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in Mattel in the first quarter worth $59,000. Finally, Sound Income Strategies LLC increased its position in shares of Mattel by 10,226.7% in the first quarter. Sound Income Strategies LLC now owns 3,098 shares of the company's stock valued at $60,000 after buying an additional 3,068 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Stock Up 0.4%

MAT opened at $17.77 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. The firm has a market cap of $5.73 billion, a P/E ratio of 11.46, a PEG ratio of 2.16 and a beta of 0.62. Mattel, Inc. has a 52 week low of $13.94 and a 52 week high of $22.07. The business's fifty day simple moving average is $18.75 and its 200 day simple moving average is $18.78.

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, beating analysts' consensus estimates of $0.16 by $0.03. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. Mattel had a return on equity of 25.19% and a net margin of 9.87%.The business's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, equities research analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MAT has been the subject of a number of research analyst reports. Citigroup raised their price target on Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Wall Street Zen cut Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. DA Davidson restated a "buy" rating and issued a $30.00 price target on shares of Mattel in a research report on Thursday, May 15th. The Goldman Sachs Group dropped their price target on Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, Morgan Stanley raised their price target 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 equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Mattel currently 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.

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