Capstone Investment Advisors LLC Makes New Investment in Mattel, Inc. $MAT

Capstone Investment Advisors LLC bought a new position in Mattel, Inc. (NASDAQ:MAT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 38,130 shares of the company’s stock, valued at approximately $529,000.

A number of other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its stake in Mattel by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company’s stock worth $1,688,000 after purchasing an additional 623 shares during the last quarter. Sei Investments Co. increased its stake in Mattel by 1.7% during the second quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock valued at $902,000 after purchasing an additional 758 shares during the last quarter. Quinn Opportunity Partners LLC raised its holdings in shares of Mattel by 4.5% during the fourth quarter. Quinn Opportunity Partners LLC now owns 18,070 shares of the company’s stock worth $359,000 after purchasing an additional 774 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of Mattel by 6.7% during the third quarter. Mercer Global Advisors Inc. ADV now owns 16,397 shares of the company’s stock worth $276,000 after purchasing an additional 1,025 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Mattel by 107.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock worth $40,000 after purchasing an additional 1,048 shares during the period. 97.15% of the stock is currently owned by institutional investors.

Mattel Trading Up 1.5%

Mattel stock opened at $15.14 on Friday. Mattel, Inc. has a 52-week low of $12.73 and a 52-week high of $22.48. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 1.44 and a beta of 0.72. The firm has a 50-day moving average price of $14.34 and a two-hundred day moving average price of $14.98.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.10 billion. Mattel had a net margin of 7.79% and a return on equity of 16.20%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts expect that Mattel, Inc. will post 1.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

MAT has been the subject of several research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. Wall Street Zen cut shares of Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Argus restated a “buy” rating and issued a $22.00 target price on shares of Mattel in a research note on Tuesday. Citigroup lowered their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, July 10th. Finally, Odeon Capital Group began coverage on Mattel in a research report on Thursday, July 16th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Mattel currently has an average rating of “Hold” and an average target price of $17.80.

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.