Mattel, Inc. $MAT Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its position in shares of Mattel, Inc. (NASDAQ:MAT) by 3.9% in the second quarter, Holdings Channel reports. The institutional investor owned 24,590 shares of the company’s stock after selling 997 shares during the quarter. Securian Asset Management Inc.’s holdings in Mattel were worth $485,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Co. of Vermont increased its holdings in shares of Mattel by 995.8% during the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock worth $26,000 after buying an additional 1,195 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Mattel by 189.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock worth $32,000 after buying an additional 1,054 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Mattel by 90.6% during the 2nd quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock worth $44,000 after buying an additional 1,053 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Mattel during the 1st quarter worth approximately $59,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Mattel by 74.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock worth $67,000 after buying an additional 1,468 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

MAT has been the subject of a number of recent analyst reports. DA Davidson cut their price target on shares of Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday. Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mattel in a report on Wednesday, October 8th. Roth Capital set a $20.00 target price on shares of Mattel and gave the company a “neutral” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.86.

Mattel Stock Performance

NASDAQ:MAT opened at $18.45 on Friday. The company has a fifty day simple moving average of $17.88 and a two-hundred day simple moving average of $18.03. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.77. Mattel, Inc. has a 52 week low of $13.94 and a 52 week high of $22.07.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.16). The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.86 billion. Mattel had a return on equity of 20.60% and a net margin of 8.27%.The business’s revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, equities analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.