JPMorgan Chase & Co. Grows Position in Mattel, Inc. $MAT

JPMorgan Chase & Co. boosted its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 21.2% during the 3rd quarter, Holdings Channel reports. The fund owned 1,393,829 shares of the company’s stock after buying an additional 244,030 shares during the period. JPMorgan Chase & Co.’s holdings in Mattel were worth $23,458,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. State of Wyoming lifted its position in shares of Mattel by 4.3% in the 3rd quarter. State of Wyoming now owns 15,251 shares of the company’s stock worth $257,000 after purchasing an additional 634 shares during the period. Jones Financial Companies Lllp raised its stake in Mattel by 12.6% in the third quarter. Jones Financial Companies Lllp now owns 6,687 shares of the company’s stock worth $113,000 after buying an additional 747 shares in the last quarter. Sei Investments Co. lifted its holdings in Mattel by 1.7% during the second quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock worth $902,000 after buying an additional 758 shares during the period. Cornerstone Planning Group LLC lifted its holdings in Mattel by 537.7% during the third quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock worth $25,000 after buying an additional 1,140 shares during the period. Finally, Arizona State Retirement System boosted its position in Mattel by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 95,524 shares of the company’s stock valued at $1,608,000 after acquiring an additional 1,332 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. DA Davidson reduced their price target on Mattel from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Seaport Research Partners upgraded Mattel to a “hold” rating in a research note on Monday, November 10th. The Goldman Sachs Group upped their target price on Mattel from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Zacks Research raised Mattel from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Roth Mkm set a $16.00 price objective on shares of Mattel in a report on Wednesday, February 11th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.63.

Mattel Stock Down 0.8%

MAT opened at $16.95 on Monday. The company has a fifty day moving average of $19.78 and a two-hundred day moving average of $19.10. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 2.37 and a beta of 0.72. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.48. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.76 and a current ratio of 2.15.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, February 10th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.14). The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.85 billion. Mattel had a net margin of 7.44% and a return on equity of 20.72%. Mattel’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $0.35 earnings per share. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. On average, research analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current 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.