JPMorgan Chase & Co. Acquires 244,030 Shares of Mattel, Inc. $MAT

JPMorgan Chase & Co. grew its holdings in Mattel, Inc. (NASDAQ:MAT) by 21.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,393,829 shares of the company’s stock after buying an additional 244,030 shares during the period. JPMorgan Chase & Co. owned approximately 0.45% of Mattel worth $23,458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Cornerstone Planning Group LLC grew its position in Mattel by 537.7% in the third quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock worth $25,000 after acquiring an additional 1,140 shares in the last quarter. Traub Capital Management LLC purchased a new stake in Mattel during the second quarter valued at approximately $40,000. Employees Retirement System of Texas bought a new stake in shares of Mattel in the 2nd quarter valued at approximately $55,000. True Wealth Design LLC boosted its holdings in shares of Mattel by 409.1% in the 2nd quarter. True Wealth Design LLC now owns 2,846 shares of the company’s stock worth $56,000 after purchasing an additional 2,287 shares during the period. Finally, Allworth Financial LP increased its position in shares of Mattel by 469.5% during the 2nd quarter. Allworth Financial LP now owns 2,853 shares of the company’s stock valued at $56,000 after purchasing an additional 2,352 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Jefferies Financial Group lowered their price target on Mattel from $25.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. UBS Group restated a “buy” rating on shares of Mattel in a report on Wednesday, February 11th. Zacks Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. DA Davidson reduced their price objective on shares of Mattel from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Finally, Morgan Stanley set a $18.00 price objective on shares of Mattel in a research note on Wednesday, February 11th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.63.

Mattel Trading Down 0.8%

MAT stock opened at $16.95 on Monday. Mattel, Inc. has a 12 month low of $13.94 and a 12 month high of $22.48. The firm’s 50-day moving average is $19.78 and its 200 day moving average is $19.10. The company has a market capitalization of $5.12 billion, a PE ratio of 13.45, a P/E/G ratio of 2.37 and a beta of 0.72. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.15 and a quick ratio of 1.76.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, February 10th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.14). Mattel had a return on equity of 20.72% and a net margin of 7.44%.The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the company earned $0.35 earnings per share. Mattel’s revenue was up 7.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. On average, research analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current 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.