The Manufacturers Life Insurance Company Purchases New Stake in Mattel, Inc. $MAT

The Manufacturers Life Insurance Company acquired a new position in Mattel, Inc. (NASDAQ:MAT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 293,839 shares of the company’s stock, valued at approximately $4,078,000.

A number of other institutional investors have also recently bought and sold shares of MAT. SJS Investment Consulting Inc. increased its holdings in shares of Mattel by 2,959.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock valued at $25,000 after purchasing an additional 1,687 shares during the period. Quarry LP acquired a new stake in shares of Mattel during the third quarter worth approximately $28,000. Los Angeles Capital Management LLC purchased a new position in Mattel during the fourth quarter valued at approximately $31,000. Atlas Capital Advisors Inc. purchased a new position in Mattel during the fourth quarter valued at approximately $36,000. Finally, Global Retirement Partners LLC purchased a new stake in Mattel in the 2nd quarter worth approximately $38,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Argus restated a “buy” rating and set a $22.00 price target on shares of Mattel in a report on Tuesday, August 25th. Weiss Ratings lowered Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. The Goldman Sachs Group cut Mattel from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $15.00 to $12.00 in a research report on Thursday, July 9th. Odeon Capital Group assumed coverage on Mattel in a research note on Thursday, July 16th. They issued a “buy” rating on the stock. Finally, Citigroup dropped their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Mattel currently has a consensus rating of “Hold” and an average target price of $17.80.

Mattel Price Performance

Shares of NASDAQ:MAT opened at $14.59 on Wednesday. The business has a 50 day moving average price of $14.38 and a 200 day moving average price of $14.88. Mattel, Inc. has a twelve month low of $12.73 and a twelve month high of $22.48. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.44 and a beta of 0.72. 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 (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mattel had a return on equity of 16.20% and a net margin of 7.79%.The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Research analysts predict that Mattel, Inc. will post 1.32 earnings per share for the current year.

Mattel Company 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.