Frontier Capital Management Co. LLC Has $177.09 Million Holdings in Mattel, Inc. $MAT

Frontier Capital Management Co. LLC raised its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,980,205 shares of the company’s stock after acquiring an additional 55,916 shares during the quarter. Mattel makes up about 1.6% of Frontier Capital Management Co. LLC’s investment portfolio, making the stock its 3rd biggest position. Frontier Capital Management Co. LLC owned about 2.79% of Mattel worth $177,090,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Amundi purchased a new stake in Mattel during the 1st quarter valued at approximately $2,994,000. HighTower Advisors LLC boosted its position in shares of Mattel by 111.6% during the first quarter. HighTower Advisors LLC now owns 65,419 shares of the company’s stock worth $1,271,000 after acquiring an additional 34,496 shares during the last quarter. Intech Investment Management LLC grew its stake in Mattel by 511.7% during the first quarter. Intech Investment Management LLC now owns 418,810 shares of the company’s stock valued at $8,137,000 after acquiring an additional 350,346 shares in the last quarter. American Century Companies Inc. grew its stake in Mattel by 27.5% during the first quarter. American Century Companies Inc. now owns 1,027,256 shares of the company’s stock valued at $19,960,000 after acquiring an additional 221,336 shares in the last quarter. Finally, Norges Bank bought a new stake in Mattel in the 2nd quarter valued at $55,651,000. Institutional investors own 97.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Cfra Research downgraded shares of Mattel from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 22nd. Seaport Res Ptn raised Mattel to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mattel in a research note on Wednesday, October 8th. DA Davidson decreased their price objective on Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. Finally, Roth Capital set a $20.00 target price on shares of Mattel and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.57.

Mattel Trading Up 3.6%

Shares of MAT stock opened at $20.92 on Thursday. The company has a market cap of $6.50 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 2.36 and a beta of 0.70. Mattel, Inc. has a 1 year low of $13.94 and a 1 year high of $22.07. The stock’s 50 day simple moving average is $19.15 and its two-hundred day simple moving average is $18.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.18.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, October 21st. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a net margin of 8.27% and a return on equity of 20.60%. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Research analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current year.

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.