Public Employees Retirement System of Ohio Takes $1.14 Million Position in Mattel, Inc. $MAT

Public Employees Retirement System of Ohio purchased a new position in shares of Mattel, Inc. (NASDAQ:MAT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 82,239 shares of the company’s stock, valued at approximately $1,141,000.

Several other institutional investors also recently modified their holdings of MAT. Integrated Wealth Concepts LLC bought a new stake in Mattel during the first quarter worth $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 purchasing an additional 1,468 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Mattel by 50.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock worth $80,709,000 after purchasing an additional 1,393,000 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Mattel by 5.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company’s stock worth $15,135,000 after buying an additional 37,118 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in Mattel during the first quarter valued at about $266,000. 97.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MAT has been the topic of several research reports. Roth Capital lowered their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings cut shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. The Goldman Sachs Group lowered Mattel from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $15.00 to $12.00 in a report on Thursday, July 9th. Argus restated a “buy” rating and issued a $22.00 target price on shares of Mattel in a research note on Tuesday, August 25th. Finally, Odeon Capital Group assumed coverage on Mattel in a research report on Thursday, July 16th. They set a “buy” rating on the stock. One equities research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.80.

Insider Buying and Selling at Mattel

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $15.02, for a total value of $587,026.66. Following the transaction, the executive vice president directly owned 144,390 shares in the company, valued at $2,168,737.80. This represents a 21.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Mattel Stock Performance

NASDAQ:MAT opened at $14.14 on Wednesday. Mattel, Inc. has a 52-week low of $12.73 and a 52-week high of $22.48. The business’s fifty day moving average is $14.44 and its 200 day moving average is $14.81. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.26 and a current ratio of 1.90. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.59 and a beta of 0.72.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company 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 company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Research analysts predict that Mattel, Inc. will post 1.32 EPS for the current year.

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.