K.J. Harrison & Partners Inc Acquires 225,000 Shares of Mattel, Inc. $MAT

K.J. Harrison & Partners Inc raised its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 1,323.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 242,000 shares of the company’s stock after purchasing an additional 225,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Mattel were worth $4,801,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in MAT. CX Institutional boosted its holdings in Mattel by 5.8% in the fourth quarter. CX Institutional now owns 393,717 shares of the company’s stock worth $7,811,000 after purchasing an additional 21,735 shares during the last quarter. Horizon Investments LLC bought a new stake in shares of Mattel in the fourth quarter worth $88,000. New York State Teachers Retirement System increased its position in Mattel by 2.9% during the fourth quarter. New York State Teachers Retirement System now owns 327,041 shares of the company’s stock valued at $6,488,000 after acquiring an additional 9,076 shares during the last quarter. M&T Bank Corp purchased a new stake in Mattel during the fourth quarter valued at $212,000. Finally, Pictet Asset Management Holding SA lifted its holdings in Mattel by 5.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 46,522 shares of the company’s stock valued at $923,000 after acquiring an additional 2,522 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Performance

Shares of NASDAQ MAT opened at $15.08 on Thursday. The stock has a market cap of $4.38 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 1.31 and a beta of 0.74. Mattel, Inc. has a 1 year low of $14.10 and a 1 year high of $22.48. The firm has a fifty day moving average price of $15.23 and a 200-day moving average price of $18.22. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50.

Mattel (NASDAQ:MAT) last released its earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. The company had revenue of $862.17 million for the quarter, compared to analysts’ expectations of $808.38 million. Mattel had a net margin of 9.27% and a return on equity of 18.67%. Mattel’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities analysts anticipate that Mattel, Inc. will post 1.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Mattel from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, March 4th. Roth Mkm set a $16.00 target price on shares of Mattel in a report on Wednesday, February 11th. DA Davidson decreased their price target on shares of Mattel from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group upped their price objective on Mattel from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mattel presently has a consensus rating of “Hold” and a consensus price target of $18.22.

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.