Mattel, Inc. $MAT Shares Sold by HS Management Partners LLC

HS Management Partners LLC decreased its position in shares of Mattel, Inc. (NASDAQ:MAT) by 46.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,263,175 shares of the company’s stock after selling 1,095,350 shares during the quarter. Mattel accounts for approximately 2.8% of HS Management Partners LLC’s portfolio, making the stock its 21st largest holding. HS Management Partners LLC’s holdings in Mattel were worth $21,259,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in Mattel by 629.1% during the third quarter. SG Americas Securities LLC now owns 135,781 shares of the company’s stock worth $2,285,000 after buying an additional 117,158 shares in the last quarter. CX Institutional purchased a new stake in shares of Mattel during the 3rd quarter worth about $6,260,000. Galvin Gaustad & Stein LLC grew its position in shares of Mattel by 86.9% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 1,246,906 shares of the company’s stock valued at $20,985,000 after acquiring an additional 579,746 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Mattel in the 3rd quarter valued at about $4,619,000. Finally, Voya Investment Management LLC increased its stake in shares of Mattel by 1.5% in the 3rd quarter. Voya Investment Management LLC now owns 130,314 shares of the company’s stock valued at $2,193,000 after purchasing an additional 1,921 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MAT. Seaport Res Ptn upgraded Mattel to a “hold” rating in a research report on Monday, November 10th. DA Davidson reduced their target price on Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, October 22nd. Cfra Research cut shares of Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. UBS Group boosted their price target on shares of Mattel from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Mattel in a report on Wednesday, December 24th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Mattel has a consensus rating of “Hold” and a consensus target price of $23.50.

Mattel Stock Up 2.5%

Shares of MAT opened at $22.16 on Friday. The stock has a 50 day moving average price of $20.05 and a 200 day moving average price of $18.92. Mattel, Inc. has a one year low of $13.94 and a one year high of $22.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.18 and a current ratio of 1.60. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 2.28 and a beta of 0.69.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). Mattel had a net margin of 8.27% and a return on equity of 20.60%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the business posted $1.14 EPS. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Equities research analysts forecast that Mattel, Inc. will post 1.7 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.