VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 64,500 Mattel, Inc. $MAT

Key Points

• The Virginia Retirement Systems purchased 64,500 shares of Mattel, Inc. valued at approximately $1.27 million during the second quarter, reflecting increased interest from institutional investors.
• Analysts have mixed views on Mattel's stock, with price targets ranging from $20.00 to $30.00, and a consensus rating of "Moderate Buy".
• In its latest earnings report, Mattel missed analysts' estimates with earnings of $0.89 per share and a revenue decline of 5.9% compared to last year, leading to adjusted FY 2025 guidance for EPS of 1.540-1.660.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 64,500 shares of the company's stock, valued at approximately $1,272,000.

Several other hedge funds have also recently bought and sold shares of MAT. AQR Capital Management LLC increased its holdings in Mattel by 386.2% in the 1st quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company's stock valued at $139,218,000 after buying an additional 5,767,170 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in 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 buying an additional 4,737,199 shares during the period. Dimensional Fund Advisors LP increased its holdings in Mattel by 21.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company's stock valued at $157,179,000 after buying an additional 1,416,542 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Mattel by 50.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company's stock valued at $80,709,000 after purchasing an additional 1,393,000 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Mattel during the 1st quarter valued at approximately $13,865,000. 97.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MAT shares. JPMorgan Chase & Co. lifted their price target on shares of Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen lowered shares of Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. DA Davidson decreased their price target on shares of Mattel from $30.00 to $25.00 and set a "buy" rating on the stock in a report on Wednesday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mattel in a report on Wednesday, October 8th. Finally, Roth Capital set a $20.00 price target on shares of Mattel and gave the company a "neutral" rating in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Mattel has a consensus rating of "Moderate Buy" and an average price target of $23.50.

Mattel Trading Down 2.8%

MAT opened at $18.30 on Thursday. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 1.12. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 2.39 and a beta of 0.68. The company's 50 day moving average price is $17.86 and its two-hundred day moving average price is $17.98.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Tuesday, October 21st. The company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.16). The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a return on equity of 20.77% and a net margin of 8.27%.The company's revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, research analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current year.

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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