The Manufacturers Life Insurance Company Makes New Investment in Mattel, Inc. $MAT

Key Points

• The Manufacturers Life Insurance Company acquired 293,839 Mattel shares worth approximately $4.08 million, giving it a 0.10% stake. Institutional investors collectively own 97.15% of Mattel.
• Analyst sentiment is mixed, with a consensus rating of “Hold” and an average price target of $17.80; ratings range from Strong Buy to Sell.
• Mattel reported quarterly revenue of $1.13 billion, up 10.5% year over year, but earnings of $0.01 per share missed the $0.04 consensus estimate. Shares opened at $14.59, near their 50-day average of $14.38.

The Manufacturers Life Insurance Company bought a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 293,839 shares of the company's stock, valued at approximately $4,078,000. The Manufacturers Life Insurance Company owned 0.10% of Mattel at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its position in shares of Mattel by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company's stock worth $1,688,000 after acquiring an additional 623 shares during the last quarter. Sei Investments Co. lifted its position in Mattel by 1.7% in the 2nd quarter. Sei Investments Co. now owns 45,736 shares of the company's stock valued at $902,000 after purchasing an additional 758 shares during the last quarter. Quinn Opportunity Partners LLC boosted its stake in Mattel by 4.5% during the 4th quarter. Quinn Opportunity Partners LLC now owns 18,070 shares of the company's stock valued at $359,000 after purchasing an additional 774 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Mattel by 6.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,397 shares of the company's stock valued at $276,000 after purchasing an additional 1,025 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Mattel by 107.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company's stock worth $40,000 after purchasing an additional 1,048 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on MAT. Argus restated a "buy" rating and issued a $22.00 price target on shares of Mattel in a research note on Tuesday, August 25th. Weiss Ratings lowered Mattel from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Jefferies Financial Group restated a "buy" rating on shares of Mattel in a research report on Wednesday, May 6th. Roth Capital cut their target price on Mattel from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. Finally, Wall Street Zen downgraded Mattel from a "buy" rating to a "hold" rating in a research note on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $17.80.

Mattel Price Performance

Shares of Mattel stock opened at $14.59 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. The company's 50-day moving average price is $14.38 and its two-hundred day moving average price is $14.88. Mattel, Inc. has a 52 week low of $12.73 and a 52 week high of $22.48. The stock has a market cap of $4.17 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.44 and a beta of 0.72.

Mattel (NASDAQ:MAT - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.10 billion. Mattel had a net margin of 7.79% and a return on equity of 16.20%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, sell-side analysts anticipate that Mattel, Inc. will post 1.32 EPS for the current fiscal year.

Mattel Profile

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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