New Age Alpha Advisors LLC Purchases New Position in Mattel, Inc. $MAT

New Age Alpha Advisors LLC purchased a new stake in Mattel, Inc. (NASDAQ:MAT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 171,698 shares of the company’s stock, valued at approximately $3,406,000.

Other large investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its holdings in Mattel by 537.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock valued at $25,000 after purchasing an additional 1,140 shares in the last quarter. Quarry LP acquired a new stake in Mattel in the 3rd quarter valued at $28,000. Farther Finance Advisors LLC increased its holdings in Mattel by 107.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after purchasing an additional 1,048 shares in the last quarter. Danske Bank A S acquired a new stake in Mattel in the 3rd quarter valued at $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Mattel by 74.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock valued at $67,000 after purchasing an additional 1,468 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Price Performance

Shares of Mattel stock opened at $15.09 on Tuesday. The business has a 50-day moving average of $14.88 and a 200-day moving average of $17.88. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50. The company has a market capitalization of $4.39 billion, a PE ratio of 9.55, a P/E/G ratio of 1.35 and a beta of 0.74. Mattel, Inc. has a 1-year low of $14.10 and a 1-year high of $22.48.

Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.04. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The company had revenue of $862.17 million during the quarter, compared to the consensus estimate of $808.38 million. During the same period last year, the firm earned ($0.03) earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, equities analysts forecast that Mattel, Inc. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on MAT shares. Morgan Stanley set a $18.00 target price on Mattel in a research note on Wednesday, February 11th. Wells Fargo & Company lowered their target price on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Jefferies Financial Group restated a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lowered their target price on Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group raised their target price on Mattel from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.22.

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.