Russell Investments Group Ltd. Acquires 80,977 Shares of Mattel, Inc. $MAT

Key Points

• Russell Investments Group Ltd. increased its stake in Mattel, Inc. by 774.3%, acquiring an additional 80,977 shares, bringing its total to 91,435 shares valued at $1,776,000.
• Mattel reported $0.19 earnings per share for the latest quarter, beating estimates, but revenue declined 5.7% year over year to $1.02 billion.
• Analysts have set Mattel's price targets ranging from $17.00 to $25.00, with an average target price of $24.38 and a current rating of "Moderate Buy."

Russell Investments Group Ltd. raised its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 774.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,435 shares of the company's stock after acquiring an additional 80,977 shares during the quarter. Russell Investments Group Ltd.'s holdings in Mattel were worth $1,776,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Yousif Capital Management LLC lifted its holdings in shares of Mattel by 0.7% during the first quarter. Yousif Capital Management LLC now owns 119,902 shares of the company's stock valued at $2,330,000 after purchasing an additional 884 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Mattel by 7.4% during the first quarter. Brighton Jones LLC now owns 12,972 shares of the company's stock valued at $252,000 after purchasing an additional 890 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of Mattel by 1.1% during the first quarter. State of Michigan Retirement System now owns 80,633 shares of the company's stock valued at $1,567,000 after purchasing an additional 900 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Mattel by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 94,400 shares of the company's stock valued at $1,834,000 after purchasing an additional 900 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Mattel by 6.4% during the fourth quarter. ProShare Advisors LLC now owns 15,762 shares of the company's stock valued at $279,000 after purchasing an additional 949 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

Mattel Stock Performance

MAT traded down $0.16 during mid-day trading on Friday, reaching $18.30. 2,924,386 shares of the company traded hands, compared to its average volume of 3,553,263. The stock 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. 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 company's fifty day moving average price is $18.68 and its 200-day moving average price is $18.65. Mattel, Inc. has a 52-week low of $13.94 and a 52-week high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last announced 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. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The company's quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, sell-side analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. DA Davidson reiterated a "buy" rating and set a $30.00 target price on shares of Mattel in a report on Thursday, May 15th. Roth Capital set a $22.00 price objective on shares of Mattel and gave the stock a "neutral" rating in a report on Friday, July 11th. Citigroup boosted their price objective on shares of Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Wall Street Zen lowered shares of Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, The Goldman Sachs Group decreased their price objective on shares of Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.38.

Mattel 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.