Brandywine Global Investment Management LLC Purchases 58,762 Shares of Mattel, Inc. $MAT

Brandywine Global Investment Management LLC raised its position in Mattel, Inc. (NASDAQ:MAT) by 24.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 301,030 shares of the company’s stock after purchasing an additional 58,762 shares during the period. Brandywine Global Investment Management LLC’s holdings in Mattel were worth $5,972,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Mattel by 21.2% in the third quarter. JPMorgan Chase & Co. now owns 1,393,829 shares of the company’s stock valued at $23,458,000 after purchasing an additional 244,030 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Mattel by 20.3% in the third quarter. Envestnet Asset Management Inc. now owns 445,826 shares of the company’s stock valued at $7,503,000 after purchasing an additional 75,124 shares in the last quarter. Simcoe Capital Management LLC bought a new stake in Mattel in the third quarter valued at approximately $39,044,000. King Luther Capital Management Corp increased its stake in Mattel by 147.5% in the third quarter. King Luther Capital Management Corp now owns 946,240 shares of the company’s stock valued at $15,925,000 after purchasing an additional 563,950 shares in the last quarter. Finally, 44 Wealth Management LLC bought a new stake in Mattel in the third quarter valued at approximately $1,338,000. Institutional investors own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. UBS Group reaffirmed a “buy” rating and issued a $28.00 target price on shares of Mattel in a research note on Thursday, March 5th. Weiss Ratings downgraded shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, March 4th. DA Davidson lowered their price objective on shares of Mattel from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, Morgan Stanley set a $18.00 price objective on shares of Mattel in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.22.

Mattel Stock Up 1.4%

Shares of MAT stock opened at $14.69 on Thursday. The firm has a fifty day moving average of $14.78 and a 200-day moving average of $17.51. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11. Mattel, Inc. has a 12-month low of $13.95 and a 12-month high of $22.48. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 1.30 and a beta of 0.72.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.04. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The company had revenue of $862.17 million during the quarter, compared to the consensus estimate of $808.38 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, equities research analysts predict that Mattel, Inc. will post 1.31 earnings per share 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.