III Capital Management Buys New Holdings in Mattel, Inc. $MAT

III Capital Management purchased a new position in Mattel, Inc. (NASDAQ:MAT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 132,109 shares of the company’s stock, valued at approximately $1,834,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MAT. EdgePoint Investment Group Inc. raised its position in shares of Mattel by 3.8% during the first quarter. EdgePoint Investment Group Inc. now owns 49,140,882 shares of the company’s stock valued at $714,017,000 after buying an additional 1,799,640 shares during the last quarter. Primecap Management Co. CA bought a new position in shares of Mattel during the second quarter worth $409,540,000. BlackRock Inc. purchased a new position in Mattel during the second quarter valued at $363,273,000. Dimensional Fund Advisors LP increased its holdings in Mattel by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,052,845 shares of the company’s stock valued at $160,591,000 after acquiring an additional 783,102 shares during the last quarter. Finally, LSV Asset Management lifted its stake in Mattel by 1.8% in the 4th quarter. LSV Asset Management now owns 6,126,432 shares of the company’s stock worth $121,548,000 after purchasing an additional 108,622 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MAT. Jefferies Financial Group restated a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. Roth Capital decreased their price objective on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. The Goldman Sachs Group lowered shares of Mattel from a “neutral” rating to a “sell” rating and cut their target price for the company from $15.00 to $12.00 in a report on Thursday, July 9th. Weiss Ratings cut shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, Odeon Capital Group initiated coverage on shares of Mattel in a research note on Thursday, July 16th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.80.

Mattel Stock Up 3.0%

NASDAQ MAT opened at $15.26 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17. Mattel, Inc. has a 52 week low of $12.73 and a 52 week high of $22.48. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 1.43 and a beta of 0.72. The company has a fifty day moving average of $14.27 and a two-hundred day moving average of $15.07.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a net margin of 7.79% and a return on equity of 16.20%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, analysts predict that Mattel, Inc. will post 1.32 earnings per share for the current year.

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.