Mattel, Inc. $MAT Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in Mattel, Inc. (NASDAQ:MAT) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,359,655 shares of the company’s stock after selling 95,975 shares during the period. Franklin Resources Inc. owned 2.37% of Mattel worth $146,016,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MAT. EdgePoint Investment Group Inc. raised its holdings in Mattel by 9.4% in the third quarter. EdgePoint Investment Group Inc. now owns 44,662,760 shares of the company’s stock valued at $751,674,000 after acquiring an additional 3,839,176 shares in the last quarter. Norges Bank acquired a new stake in shares of Mattel during the fourth quarter worth $49,182,000. Simcoe Capital Management LLC acquired a new stake in shares of Mattel during the third quarter worth $39,044,000. BNP Paribas Financial Markets raised its holdings in shares of 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. Finally, Goldman Sachs Group Inc. raised its holdings in shares of 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. 97.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MAT. JPMorgan Chase & Co. dropped their target price on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Thursday, April 30th. DA Davidson dropped their target price on shares of Mattel from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. The Goldman Sachs Group increased their target price on shares of Mattel from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Wells Fargo & Company dropped their target price on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Morgan Stanley set a $18.00 target price on shares of Mattel in a report on Wednesday, February 11th. One 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. According to data from MarketBeat, Mattel has a consensus rating of “Hold” and a consensus target price of $18.22.

Mattel Stock Up 1.4%

Mattel stock opened at $14.69 on Thursday. The company has a 50-day simple moving average of $14.78 and a 200-day simple moving average of $17.51. The firm has a market capitalization of $4.27 billion, a P/E ratio of 9.30, a P/E/G ratio of 1.30 and a beta of 0.72. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.50 and a current ratio of 2.06. Mattel, Inc. has a one year low of $13.95 and a one year high of $22.48.

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