Envestnet Asset Management Inc. Has $7.50 Million Position in Mattel, Inc. $MAT

Envestnet Asset Management Inc. raised its position in Mattel, Inc. (NASDAQ:MAT) by 20.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 445,826 shares of the company’s stock after buying an additional 75,124 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Mattel were worth $7,503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new position in shares of Mattel in the first quarter valued at about $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Mattel by 74.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock valued at $67,000 after purchasing an additional 1,468 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Mattel by 50.5% during 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Mattel by 5.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company’s stock worth $15,135,000 after purchasing an additional 37,118 shares during the period. Finally, Focus Partners Wealth bought a new position in shares of Mattel during the first quarter worth approximately $266,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MAT. Seaport Research Partners raised Mattel to a “hold” rating in a research report on Monday, November 10th. Citigroup downgraded Mattel from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $16.00 in a research note on Wednesday, February 11th. Roth Mkm set a $16.00 price objective on shares of Mattel in a research report on Wednesday, February 11th. UBS Group reissued a “buy” rating on shares of Mattel in a report on Wednesday, February 11th. Finally, Weiss Ratings raised shares of Mattel from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.63.

Mattel Stock Down 0.1%

Shares of NASDAQ MAT opened at $17.41 on Friday. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 2.48 and a beta of 0.70. The company has a current ratio of 2.15, a quick ratio of 1.76 and a debt-to-equity ratio of 1.04. Mattel, Inc. has a 12 month low of $13.94 and a 12 month high of $22.48. The stock has a 50-day moving average price of $20.11 and a two-hundred day moving average price of $19.09.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.14). The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.85 billion. Mattel had a net margin of 7.44% and a return on equity of 20.72%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. As a group, analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

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.