King Luther Capital Management Corp Grows Stock Holdings in Mattel, Inc. $MAT

King Luther Capital Management Corp increased its stake in Mattel, Inc. (NASDAQ:MAT) by 147.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 946,240 shares of the company’s stock after buying an additional 563,950 shares during the period. King Luther Capital Management Corp’s holdings in Mattel were worth $15,925,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its holdings in Mattel by 537.7% in the third quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock worth $25,000 after acquiring an additional 1,140 shares in the last quarter. Traub Capital Management LLC bought a new position in Mattel in the 2nd quarter worth about $40,000. Employees Retirement System of Texas purchased a new stake in Mattel during the 2nd quarter valued at about $55,000. True Wealth Design LLC increased its stake in Mattel by 409.1% during the 2nd quarter. True Wealth Design LLC now owns 2,846 shares of the company’s stock valued at $56,000 after purchasing an additional 2,287 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Mattel by 469.5% during the 2nd quarter. Allworth Financial LP now owns 2,853 shares of the company’s stock valued at $56,000 after purchasing an additional 2,352 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Trading Up 0.8%

Shares of NASDAQ:MAT opened at $17.42 on Friday. The stock’s 50-day simple moving average is $20.16 and its two-hundred day simple moving average is $19.09. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 2.46 and a beta of 0.70. Mattel, Inc. has a 52-week low of $13.94 and a 52-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 announced 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 analysts’ expectations of $1.85 billion. Mattel had a net margin of 7.44% and a return on equity of 20.72%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. Analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Roth Mkm set a $16.00 price target on shares of Mattel in a report on Wednesday, February 11th. Zacks Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. JPMorgan Chase & Co. cut Mattel from a “neutral” rating to an “underweight” rating and set a $14.00 price objective on the stock. in a research report on Wednesday, February 11th. Seaport Research Partners upgraded shares of Mattel to a “hold” rating in a research note on Monday, November 10th. Finally, UBS Group reiterated a “buy” rating on shares of Mattel in a research note on Wednesday, February 11th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.63.

About Mattel

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.