Mattel, Inc. $MAT Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its holdings in Mattel, Inc. (NASDAQ:MAT) by 13.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,169,899 shares of the company’s stock after selling 335,788 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Mattel were worth $42,790,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MAT. AQR Capital Management LLC lifted its holdings in shares of Mattel by 386.2% in the 1st quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company’s stock valued at $139,218,000 after buying an additional 5,767,170 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in Mattel by 247.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company’s stock valued at $129,240,000 after acquiring an additional 4,737,199 shares in the last quarter. Norges Bank purchased a new position in Mattel during the second quarter valued at approximately $55,651,000. Dimensional Fund Advisors LP lifted its holdings in Mattel by 21.2% in the first quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company’s stock valued at $157,179,000 after acquiring an additional 1,416,542 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Mattel by 50.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock worth $80,709,000 after purchasing an additional 1,393,000 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Seaport Res Ptn raised shares of Mattel to a “hold” rating in a report on Monday, November 10th. Roth Capital set a $20.00 price objective on shares of Mattel and gave the company a “neutral” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. lowered their target price on shares of Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of Mattel in a research report on Wednesday, October 8th. Finally, DA Davidson reduced their price target on Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.57.

Mattel Trading Up 0.1%

Shares of Mattel stock opened at $21.15 on Friday. The stock has a 50 day moving average of $18.94 and a 200 day moving average of $18.70. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.18 and a current ratio of 1.60. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 2.47 and a beta of 0.70. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.07.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.16). The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.86 billion. Mattel had a return on equity of 20.60% and a net margin of 8.27%.The business’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, research analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current year.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.