Mattel, Inc. $MAT is OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s 6th Largest Position

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Mattel, Inc. (NASDAQ:MAT) by 25.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 973,829 shares of the company’s stock after selling 324,400 shares during the period. Mattel accounts for 2.3% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s investment portfolio, making the stock its 6th biggest position. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.31% of Mattel worth $19,321,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new stake in Mattel during the first quarter valued at about $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Mattel by 74.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock valued at $67,000 after acquiring an additional 1,468 shares during the period. Goldman Sachs Group Inc. grew 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 valued at $80,709,000 after acquiring an additional 1,393,000 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Mattel by 5.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company’s stock valued at $15,135,000 after acquiring an additional 37,118 shares during the period. Finally, Focus Partners Wealth purchased a new stake in Mattel during the first quarter valued at about $266,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Trading Down 2.0%

NASDAQ:MAT opened at $14.35 on Tuesday. 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. The business’s 50-day simple moving average is $14.78 and its 200 day simple moving average is $17.39. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 1.31 and a beta of 0.72.

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. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The business had revenue of $862.17 million for the quarter, compared to analysts’ expectations of $808.38 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, sell-side analysts predict that Mattel, Inc. will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MAT shares. Argus raised Mattel to a “strong-buy” rating in a research report on Friday, March 13th. Wall Street Zen downgraded Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Zacks Research raised Mattel from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. The Goldman Sachs Group boosted their price objective on Mattel from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. reduced their price objective on Mattel from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $18.22.

Mattel Profile

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.