Legal & General Group Plc Sells 145,178 Shares of Mattel, Inc. $MAT

Legal & General Group Plc lessened its position in Mattel, Inc. (NASDAQ:MAT) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 494,468 shares of the company’s stock after selling 145,178 shares during the period. Legal & General Group Plc owned about 0.16% of Mattel worth $9,810,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MAT. EdgePoint Investment Group Inc. increased its holdings in Mattel by 9.4% during the third quarter. EdgePoint Investment Group Inc. now owns 44,662,760 shares of the company’s stock worth $751,674,000 after buying an additional 3,839,176 shares during the last quarter. Simcoe Capital Management LLC purchased a new stake in Mattel during the third quarter worth about $39,044,000. BNP Paribas Financial Markets boosted its position in Mattel by 4,633.8% during the third quarter. BNP Paribas Financial Markets now owns 1,581,292 shares of the company’s stock worth $26,613,000 after purchasing an additional 1,547,888 shares during the period. Goldman Sachs Group Inc. boosted its position in Mattel by 50.5% during the first 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 during the period. Finally, Squarepoint Ops LLC boosted its position in Mattel by 106.7% during the third quarter. Squarepoint Ops LLC now owns 2,158,888 shares of the company’s stock worth $36,334,000 after purchasing an additional 1,114,450 shares during the period. Institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

Shares of Mattel stock opened at $14.20 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.29 and a beta of 0.72. The firm’s 50-day moving average is $14.78 and its 200 day moving average is $17.63. Mattel, Inc. has a 1 year low of $14.03 and a 1 year high of $22.48.

Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.04. The business had revenue of $862.17 million for the quarter, compared to analysts’ expectations of $808.38 million. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts anticipate that Mattel, Inc. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MAT. Jefferies Financial Group restated a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. Citigroup downgraded shares of Mattel from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $16.00 in a research note on Wednesday, February 11th. Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Argus raised shares of Mattel to a “strong-buy” rating in a research report on Friday, March 13th. Finally, Zacks Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, Mattel presently has an average rating of “Hold” and an average price target of $18.22.

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.