K.J. Harrison & Partners Inc Invests $722,000 in Mattel, Inc. $MAT

K.J. Harrison & Partners Inc bought a new stake in Mattel, Inc. (NASDAQ:MAT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 52,000 shares of the company’s stock, valued at approximately $722,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sei Investments Co. lifted its holdings in shares of Mattel by 107.3% during the first quarter. Sei Investments Co. now owns 2,159,405 shares of the company’s stock worth $31,376,000 after buying an additional 1,117,726 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Mattel by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 11,052,845 shares of the company’s stock valued at $160,591,000 after acquiring an additional 783,102 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Mattel by 514.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 644,268 shares of the company’s stock valued at $9,361,000 after acquiring an additional 539,373 shares in the last quarter. Weiss Asset Management LP bought a new position in Mattel during the first quarter worth about $1,542,000. Finally, Bank of America Corp DE increased its position in Mattel by 14.6% during the first quarter. Bank of America Corp DE now owns 1,914,866 shares of the company’s stock worth $27,823,000 after acquiring an additional 244,094 shares during the period. Institutional investors own 97.15% of the company’s stock.

Mattel Trading Down 3.0%

MAT opened at $14.58 on Tuesday. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 10.72, a P/E/G ratio of 1.45 and a beta of 0.72. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17. Mattel, Inc. has a twelve month low of $12.73 and a twelve month high of $22.48. The company has a 50-day simple moving average of $14.24 and a 200 day simple moving average of $15.33.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $1.13 billion during 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%. Mattel’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Analysts predict that Mattel, Inc. will post 1.32 EPS for the current fiscal year.

Analyst Ratings Changes

MAT has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. Wells Fargo & Company dropped their price target on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. JPMorgan Chase & Co. cut their price target on Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Finally, Wall Street Zen downgraded Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.33.

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.