Voya Investment Management LLC increased its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 23.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,969 shares of the company's stock after purchasing an additional 21,473 shares during the quarter. Voya Investment Management LLC's holdings in Mattel were worth $2,176,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Trust Co. of Vermont boosted its holdings in shares of Mattel by 995.8% during the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock worth $26,000 after buying an additional 1,195 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Mattel by 52.9% during the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock valued at $54,000 after purchasing an additional 962 shares during the last quarter. UMB Bank n.a. lifted its holdings in Mattel by 93.5% in the 1st quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock worth $58,000 after buying an additional 1,447 shares during the period. Atlas Capital Advisors Inc. bought a new position in Mattel during the 1st quarter valued at approximately $59,000. Finally, Sound Income Strategies LLC lifted its holdings in Mattel by 10,226.7% in the first quarter. Sound Income Strategies LLC now owns 3,098 shares of the company's stock valued at $60,000 after acquiring an additional 3,068 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.
Mattel Price Performance
Shares of NASDAQ:MAT remained flat at $17.08 during midday trading on Monday. 3,270,459 shares of the company traded hands, compared to its average volume of 2,820,017. Mattel, Inc. has a twelve month low of $13.94 and a twelve month high of $22.07. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $5.50 billion, a P/E ratio of 11.02, a P/E/G ratio of 2.08 and a beta of 0.66. The business has a 50 day moving average of $18.03 and a 200-day moving average of $18.25.
Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. Mattel had a return on equity of 25.19% and a net margin of 9.87%.The firm's quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, equities analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages have issued reports on MAT. Wall Street Zen lowered Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Citigroup boosted their target price on shares of Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. JPMorgan Chase & Co. increased their price target on shares of Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Roth Capital set a $22.00 target price on Mattel and gave the company a "neutral" rating in a research report on Friday, July 11th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.38.
Check Out Our Latest Research Report on MAT
About Mattel
(
Free Report)
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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