Rhumbline Advisers Sells 32,848 Shares of Mattel, Inc. $MAT

Rhumbline Advisers lowered its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 3.6% during the second quarter, Holdings Channel reports. The institutional investor owned 888,923 shares of the company’s stock after selling 32,848 shares during the quarter. Rhumbline Advisers’ holdings in Mattel were worth $17,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC boosted its position in shares of Mattel by 386.2% during the 1st quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company’s stock valued at $139,218,000 after acquiring an additional 5,767,170 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Mattel by 247.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company’s stock worth $129,240,000 after purchasing an additional 4,737,199 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Mattel by 21.2% during the first quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company’s stock valued at $157,179,000 after purchasing an additional 1,416,542 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Mattel by 50.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock valued at $80,709,000 after purchasing an additional 1,393,000 shares during the period. Finally, LSV Asset Management raised its holdings in shares of Mattel by 22.0% in the 2nd quarter. LSV Asset Management now owns 5,699,638 shares of the company’s stock worth $112,397,000 after buying an additional 1,026,496 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on MAT shares. Cfra Research lowered Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. DA Davidson reduced 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Mattel in a research report on Wednesday, October 8th. Roth Capital set a $20.00 price target on shares of Mattel and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, Seaport Res Ptn raised shares of Mattel to a “hold” rating in a research note on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Mattel has a consensus rating of “Hold” and an average target price of $22.57.

Mattel Stock Down 0.8%

Shares of NASDAQ MAT opened at $21.08 on Friday. Mattel, Inc. has a 12-month low of $13.94 and a 12-month high of $22.07. The firm’s 50-day simple moving average is $18.54 and its 200 day simple moving average is $18.66. The company has a quick ratio of 1.18, a current ratio of 1.60 and a debt-to-equity ratio of 0.77. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 2.21 and a beta of 0.76.

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

About Mattel

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.