Y Intercept Hong Kong Ltd Boosts Position in Mattel, Inc. $MAT

Y Intercept Hong Kong Ltd raised its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 326.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,638 shares of the company’s stock after acquiring an additional 142,845 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.06% of Mattel worth $2,712,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quarry LP purchased a new position in shares of Mattel during the third quarter worth $28,000. Los Angeles Capital Management LLC acquired a new position in Mattel during the fourth quarter valued at $31,000. SJS Investment Consulting Inc. boosted its holdings in Mattel by 2,959.6% in the first quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock valued at $25,000 after purchasing an additional 1,687 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in Mattel in the fourth quarter valued at $36,000. Finally, Farther Finance Advisors LLC grew its position in Mattel by 107.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock worth $40,000 after purchasing an additional 1,048 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zacks Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. dropped their target price on Mattel from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Thursday, April 30th. Argus upgraded Mattel to a “strong-buy” rating in a research report on Friday, March 13th. Wells Fargo & Company lowered their price objective on Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Mattel currently has a consensus rating of “Hold” and a consensus price target of $17.89.

Mattel Stock Performance

Shares of MAT stock opened at $13.42 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11. Mattel, Inc. has a 12-month low of $12.91 and a 12-month high of $22.48. The business’s 50 day moving average is $14.47 and its two-hundred day moving average is $16.60. The company has a market capitalization of $3.90 billion, a P/E ratio of 8.49, a P/E/G ratio of 1.15 and a beta of 0.74.

Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, topping 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 business had revenue of $862.17 million during the quarter, compared to the consensus estimate of $808.38 million. During the same period in the prior year, the company posted ($0.03) EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Analysts expect that Mattel, Inc. will post 1.34 EPS for the current fiscal year.

Mattel Company 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.