PDT Partners LLC Takes Position in Mattel, Inc. $MAT

Key Points

• PDT Partners LLC has invested approximately $1.19 million in Mattel, acquiring 61,317 shares in the process.
• Institutional investors own a significant 97.15% of Mattel's stock, indicating strong interest from large financial entities.
• Mattel's latest earnings report revealed $0.19 earnings per share, surpassing expectations, though revenue declined by 5.7% year-over-year.

PDT Partners LLC bought a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 61,317 shares of the company's stock, valued at approximately $1,191,000.

Several other large investors have also recently modified their holdings of the stock. EdgePoint Investment Group Inc. raised its holdings 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 valued at $818,681,000 after purchasing an additional 5,984,400 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted 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 valued at $129,240,000 after purchasing an additional 4,737,199 shares during the period. Dimensional Fund Advisors LP grew its holdings in Mattel by 21.2% during the first 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 during the period. Nuveen LLC acquired a new position in Mattel in the 1st quarter valued at about $13,865,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Mattel in the 1st quarter valued at about $13,298,000. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Stock Performance

Shares of NASDAQ MAT traded down $0.32 during midday trading on Monday, hitting $18.50. 2,162,943 shares of the company's stock were exchanged, compared to its average volume of 4,041,705. Mattel, Inc. has a 12 month low of $13.94 and a 12 month high of $22.07. The company's 50 day moving average price is $18.59 and its 200 day moving average price is $18.51. 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 capitalization of $5.96 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 2.29 and a beta of 0.66.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data 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 net margin of 9.87% and a return on equity of 25.19%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business earned $0.19 EPS. Mattel's 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. As a group, analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

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