Yousif Capital Management LLC Sells 6,746 Shares of Mattel, Inc. $MAT

Yousif Capital Management LLC trimmed its position in Mattel, Inc. (NASDAQ:MAT) by 5.6% in the second quarter, HoldingsChannel reports. The firm owned 113,156 shares of the company’s stock after selling 6,746 shares during the quarter. Yousif Capital Management LLC’s holdings in Mattel were worth $2,231,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC grew its position in Mattel by 13.0% in the 1st quarter. AlphaQuest LLC now owns 4,782 shares of the company’s stock worth $93,000 after purchasing an additional 551 shares in the last quarter. State of Michigan Retirement System grew its position in Mattel by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 80,633 shares of the company’s stock worth $1,567,000 after purchasing an additional 900 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Mattel by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 94,400 shares of the company’s stock worth $1,834,000 after purchasing an additional 900 shares in the last quarter. Fifth Third Bancorp boosted its stake in Mattel by 52.9% in the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company’s stock valued at $54,000 after acquiring an additional 962 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in Mattel by 90.6% in the second quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock valued at $44,000 after acquiring an additional 1,053 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Roth Capital set a $22.00 target price on shares of Mattel and gave the company a “neutral” rating in a research note on Friday, July 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mattel in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Mattel from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.38.

Mattel Stock Performance

Shares of MAT stock opened at $18.41 on Friday. The stock has a market capitalization of $5.93 billion, a P/E ratio of 11.88, a PEG ratio of 2.33 and a beta of 0.68. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. The firm’s 50 day moving average is $17.82 and its 200 day moving average is $17.95. Mattel, Inc. has a 12 month low of $13.94 and a 12 month high of $22.07.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Mattel had a net margin of 9.87% and a return on equity of 25.19%. Mattel’s revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, sell-side analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.