LSV Asset Management Has $112.40 Million Stock Position in Mattel, Inc. $MAT

LSV Asset Management boosted its stake in Mattel, Inc. (NASDAQ:MAT) by 22.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,699,638 shares of the company’s stock after acquiring an additional 1,026,496 shares during the period. LSV Asset Management’s holdings in Mattel were worth $112,397,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MAT. Parallel Advisors LLC lifted its position in shares of Mattel by 189.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock worth $32,000 after purchasing an additional 1,054 shares during the period. IFP Advisors Inc increased its position in shares of Mattel by 90.6% during the second 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 period. True Wealth Design LLC increased its position in shares of Mattel by 409.1% during the second quarter. True Wealth Design LLC now owns 2,846 shares of the company’s stock worth $56,000 after buying an additional 2,287 shares during the period. Allworth Financial LP raised its stake in Mattel by 469.5% during the second quarter. Allworth Financial LP now owns 2,853 shares of the company’s stock worth $56,000 after buying an additional 2,352 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in Mattel in the first quarter valued at $59,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MAT shares. JPMorgan Chase & Co. decreased their target price on Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mattel in a research report on Wednesday, October 8th. Roth Capital set a $20.00 price objective on shares of Mattel and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. DA Davidson cut their target price on shares of Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. Finally, Cfra Research cut shares of Mattel from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.57.

Mattel Stock Performance

NASDAQ MAT opened at $18.72 on Tuesday. The company has a fifty day simple moving average of $18.10 and a 200 day simple moving average of $18.50. Mattel, Inc. has a 12-month low of $13.94 and a 12-month high of $22.07. The company has a current ratio of 1.60, a quick ratio of 1.18 and a debt-to-equity ratio of 0.77. The company has a market cap of $5.82 billion, a P/E ratio of 13.97, a PEG ratio of 2.21 and a beta of 0.76.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, October 21st. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). The business had revenue of $1.74 billion for 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 quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Sell-side analysts predict 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.