HS Management Partners LLC Sells 579,975 Shares of Mattel, Inc. $MAT

HS Management Partners LLC lowered its position in Mattel, Inc. (NASDAQ:MAT) by 45.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 683,200 shares of the company’s stock after selling 579,975 shares during the quarter. Mattel makes up about 2.9% of HS Management Partners LLC’s investment portfolio, making the stock its 19th largest position. HS Management Partners LLC’s holdings in Mattel were worth $13,555,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted 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 worth $25,000 after buying an additional 1,140 shares during the period. Quarry LP bought a new position in Mattel in the 3rd quarter worth $28,000. Farther Finance Advisors LLC boosted 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 worth $40,000 after buying an additional 1,048 shares during the period. Danske Bank A S bought a new position in Mattel in the 3rd quarter worth $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 worth $67,000 after buying an additional 1,468 shares during the period. Institutional investors own 97.15% of the company’s stock.

Mattel Stock Up 0.8%

MAT opened at $15.09 on Friday. The firm has a 50-day simple moving average of $14.90 and a two-hundred day simple moving average of $17.91. Mattel, Inc. has a 52 week low of $14.10 and a 52 week high of $22.48. The company has a market capitalization of $4.39 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.04. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The business had revenue of $862.17 million during the quarter, compared to the consensus estimate of $808.38 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The business’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. Analysts forecast that Mattel, Inc. will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on MAT shares. DA Davidson dropped their target price on shares of Mattel from $25.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Argus raised shares of Mattel to a “strong-buy” rating in a report on Friday, March 13th. Zacks Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Morgan Stanley set a $18.00 price objective on shares of Mattel in a report on Wednesday, February 11th. Finally, Weiss Ratings downgraded shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus 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.