Intech Investment Management LLC Lowers Stock Position in Mattel, Inc. $MAT

Intech Investment Management LLC lessened its holdings in Mattel, Inc. (NASDAQ:MAT) by 72.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 98,295 shares of the company’s stock after selling 256,103 shares during the period. Intech Investment Management LLC’s holdings in Mattel were worth $1,950,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MAT. Cornerstone Planning Group LLC lifted its position in shares of 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 purchasing an additional 1,140 shares during the period. Quarry LP purchased a new stake in shares of Mattel in the 3rd quarter worth approximately $28,000. Farther Finance Advisors LLC lifted its position in shares of 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 purchasing an additional 1,048 shares during the period. Danske Bank A S purchased a new stake in shares of Mattel in the 3rd quarter worth approximately $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 purchasing an additional 1,468 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Trading Down 0.2%

Shares of Mattel stock opened at $14.34 on Thursday. 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 $14.10 and a 12-month high of $22.48. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 1.29 and a beta of 0.72. The firm’s 50 day simple moving average is $14.80 and its two-hundred day simple moving average is $17.67.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $808.38 million. During the same quarter in the prior year, the business posted ($0.03) EPS. Mattel’s revenue for the quarter was up 4.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Analysts predict that Mattel, Inc. will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

MAT has been the subject of several research reports. Wall Street Zen cut shares of Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Zacks Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Roth Mkm set a $16.00 price objective on shares of Mattel in a research note on Wednesday, February 11th. JPMorgan Chase & Co. reduced their price objective on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Finally, Weiss Ratings lowered shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Mattel has an average 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.