Cibc World Market Inc. Makes New Investment in Mattel, Inc. $MAT

Cibc World Market Inc. bought a new stake in shares of Mattel, Inc. (NASDAQ:MAT) in the second quarter, Holdings Channel reports. The fund bought 85,910 shares of the company’s stock, valued at approximately $1,192,000.

Several other large investors have also recently made changes to their positions in the business. Integrated Wealth Concepts LLC bought a new stake in shares of Mattel in the 1st quarter worth approximately $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Mattel by 74.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock valued at $67,000 after buying an additional 1,468 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Mattel by 50.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock valued at $80,709,000 after buying an additional 1,393,000 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Mattel by 5.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company’s stock valued at $15,135,000 after buying an additional 37,118 shares during the last quarter. Finally, Focus Partners Wealth purchased a new position in Mattel during the first quarter valued at $266,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Mattel from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Roth Capital lowered their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Citigroup dropped their price target on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Argus reiterated a “buy” rating and issued a $22.00 price target on shares of Mattel in a research note on Tuesday. Finally, Weiss Ratings downgraded shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.80.

Mattel Price Performance

Shares of NASDAQ MAT opened at $14.92 on Friday. Mattel, Inc. has a twelve month low of $12.73 and a twelve month high of $22.48. The firm has a market cap of $4.26 billion, a P/E ratio of 10.97, a PEG ratio of 1.47 and a beta of 0.72. The company has a 50 day moving average of $14.32 and a 200 day moving average of $14.98. 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 (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mattel had a net margin of 7.79% and a return on equity of 16.20%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the company posted $0.19 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, research analysts expect that Mattel, Inc. will post 1.32 EPS 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.