Mattel, Inc. $MAT Position Boosted by Squarepoint Ops LLC

Squarepoint Ops LLC raised its position in shares of Mattel, Inc. (NASDAQ:MAT) by 47.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,481,088 shares of the company’s stock after buying an additional 1,112,467 shares during the quarter. Squarepoint Ops LLC owned about 1.22% of Mattel worth $48,318,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in Mattel during the third quarter worth about $28,000. Los Angeles Capital Management LLC bought a new position in shares of Mattel during the fourth quarter valued at approximately $31,000. SJS Investment Consulting Inc. raised its position in shares of Mattel by 2,959.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock worth $25,000 after purchasing an additional 1,687 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of Mattel during the 4th quarter worth approximately $36,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Mattel in the 2nd quarter worth approximately $38,000. Institutional investors own 97.15% of the company’s stock.

Mattel Price Performance

Shares of NASDAQ:MAT opened at $14.14 on Wednesday. Mattel, Inc. has a 12 month low of $12.73 and a 12 month high of $22.48. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.59 and a beta of 0.72. The stock’s 50 day moving average price is $14.44 and its 200 day moving average price is $14.81. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 1.26.

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

Insiders Place Their Bets

In related news, EVP Roberto Isaias sold 39,083 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $15.02, for a total transaction of $587,026.66. Following the transaction, the executive vice president directly owned 144,390 shares of the company’s stock, valued at approximately $2,168,737.80. The trade was a 21.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.