LSV Asset Management Raises Position in Mattel, Inc. $MAT

LSV Asset Management boosted its holdings in Mattel, Inc. (NASDAQ:MAT) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,126,432 shares of the company’s stock after purchasing an additional 108,622 shares during the period. LSV Asset Management owned about 1.97% of Mattel worth $121,548,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. EdgePoint Investment Group Inc. boosted its holdings in Mattel by 9.4% in the third quarter. EdgePoint Investment Group Inc. now owns 44,662,760 shares of the company’s stock valued at $751,674,000 after purchasing an additional 3,839,176 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Mattel by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 9,517,597 shares of the company’s stock valued at $160,184,000 after purchasing an additional 401,469 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Mattel by 50.5% in the first 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 last quarter. Invesco Ltd. boosted its holdings in Mattel by 11.4% in the third quarter. Invesco Ltd. now owns 3,112,189 shares of the company’s stock valued at $52,378,000 after purchasing an additional 318,971 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Mattel by 32.1% in the third quarter. UBS Group AG now owns 2,632,757 shares of the company’s stock valued at $44,309,000 after purchasing an additional 639,628 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analysts Set New Price Targets

MAT has been the subject of a number of analyst reports. Wall Street Zen downgraded Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Roth Mkm set a $16.00 price target on Mattel in a report on Wednesday, February 11th. Argus raised Mattel to a “strong-buy” rating in a report on Friday, March 13th. Zacks Research raised Mattel from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Morgan Stanley set a $18.00 price target on Mattel in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.22.

Mattel Trading Up 0.8%

Shares of NASDAQ MAT opened at $15.09 on Friday. The stock’s 50 day moving average price is $14.90 and its two-hundred day moving average price is $17.91. Mattel, Inc. has a 52-week low of $14.10 and a 52-week high of $22.48. The stock has a market capitalization of $4.39 billion, a P/E ratio of 9.55, a PEG ratio of 1.35 and a beta of 0.74. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $862.17 million for the quarter, compared to analysts’ expectations of $808.38 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. Mattel’s revenue for the quarter was up 4.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, analysts anticipate that Mattel, Inc. will post 1.31 earnings per share for the current fiscal year.

Mattel Company 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.