Public Employees Retirement System of Ohio Makes New $1.14 Million Investment in Mattel, Inc. $MAT

Key Points

• Public Employees Retirement System of Ohio purchased 82,239 Mattel shares worth approximately $1.14 million in the second quarter. Institutional investors now own 97.15% of the company.
• Analyst sentiment is mixed but leans cautious: Mattel has a consensus “Hold” rating and an average price target of $17.80, while Goldman Sachs and Weiss Ratings downgraded the stock to “Sell.”
• Mattel’s latest quarterly revenue rose 10.5% year over year to $1.13 billion, but earnings of $0.01 per share missed estimates. The stock opened at $14.14, near its 52-week low of $12.73.

Public Employees Retirement System of Ohio bought a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 82,239 shares of the company's stock, valued at approximately $1,141,000.

A number of other hedge funds have also added to or reduced their stakes in the business. SJS Investment Consulting Inc. boosted its holdings in shares of Mattel by 2,959.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company's stock worth $25,000 after buying an additional 1,687 shares in the last quarter. Quarry LP acquired a new stake in shares of Mattel during the 3rd quarter worth approximately $28,000. Los Angeles Capital Management LLC bought a new stake in shares of Mattel in the 4th quarter valued at $31,000. Atlas Capital Advisors Inc. bought a new stake in shares of Mattel in the 4th quarter valued at $36,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Mattel during the 2nd quarter valued at $38,000. 97.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Roberto Isaias sold 39,083 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $15.02, for a total value of $587,026.66. Following the completion of the sale, the executive vice president directly owned 144,390 shares of the company's stock, valued at $2,168,737.80. This represents a 21.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.90% of the company's stock.

Analyst Ratings Changes

MAT has been the subject of a number of research reports. Weiss Ratings cut shares of Mattel from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Citigroup cut their price objective on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, July 10th. Roth Capital reduced their target price on Mattel from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, July 14th. The Goldman Sachs Group downgraded Mattel from a "neutral" rating to a "sell" rating and reduced their target price for the company from $15.00 to $12.00 in a research note on Thursday, July 9th. Finally, Argus reaffirmed a "buy" rating and set a $22.00 price target on shares of Mattel in a research note on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $17.80.

Mattel Stock Performance

MAT opened at $14.14 on Wednesday. Mattel, Inc. has a 1-year low of $12.73 and a 1-year high of $22.48. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.59 and a beta of 0.72. The company's fifty day moving average price is $14.44 and its two-hundred day moving average price is $14.81. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Mattel had a net margin of 7.79% and a return on equity of 16.20%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business earned $0.19 earnings per share. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, analysts expect that Mattel, Inc. will post 1.32 EPS for the current fiscal year.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.

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