Allspring Global Investments Holdings LLC Has $16.25 Million Holdings in Mattel, Inc. $MAT

Allspring Global Investments Holdings LLC raised its stake in Mattel, Inc. (NASDAQ:MAT) by 203.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 810,970 shares of the company’s stock after acquiring an additional 543,640 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Mattel were worth $16,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. EdgePoint Investment Group Inc. increased its holdings in shares of Mattel by 12.9% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 40,823,584 shares of the company’s stock worth $805,041,000 after purchasing an additional 4,665,541 shares during the period. Mane Global Capital Management LP bought a new position in shares of Mattel during the 2nd quarter worth about $56,619,000. Norges Bank acquired a new stake in shares of Mattel during the 2nd quarter valued at about $55,651,000. Simcoe Capital Management LLC acquired a new stake in shares of Mattel during the 3rd quarter valued at about $39,044,000. Finally, BNP Paribas Financial Markets increased its stake in Mattel by 4,633.8% in the third quarter. BNP Paribas Financial Markets now owns 1,581,292 shares of the company’s stock valued at $26,613,000 after acquiring an additional 1,547,888 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on MAT. Weiss Ratings lowered shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, March 4th. The Goldman Sachs Group lifted their price objective on Mattel from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. cut Mattel from a “neutral” rating to an “underweight” rating and set a $14.00 target price for the company. in a report on Wednesday, February 11th. UBS Group restated a “buy” rating and set a $28.00 target price on shares of Mattel in a research report on Thursday, March 5th. Finally, Citigroup downgraded shares of Mattel from a “buy” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $16.00 in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.44.

Mattel Stock Performance

Shares of MAT opened at $14.36 on Friday. The stock has a fifty day moving average price of $17.07 and a two-hundred day moving average price of $18.60. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.76 and a current ratio of 2.15. Mattel, Inc. has a 52-week low of $13.94 and a 52-week high of $22.48. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 11.40 and a beta of 0.78.

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