Mitsubishi UFJ Trust & Banking Corp Sells 199,274 Shares of Mattel, Inc. $MAT

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Mattel, Inc. (NASDAQ:MAT) by 61.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 123,209 shares of the company’s stock after selling 199,274 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Mattel were worth $2,444,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC raised its position in Mattel by 537.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock worth $25,000 after buying an additional 1,140 shares during the last quarter. Quarry LP purchased a new position in Mattel in the 3rd quarter worth about $28,000. Farther Finance Advisors LLC raised its position in Mattel by 107.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock worth $40,000 after buying an additional 1,048 shares during the last quarter. Danske Bank A S purchased a new position in Mattel in the 3rd quarter worth about $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Mattel by 74.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock worth $67,000 after buying an additional 1,468 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MAT. UBS Group reissued a “buy” rating and issued a $28.00 target price on shares of Mattel in a research report on Thursday, March 5th. Zacks Research raised Mattel from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. DA Davidson decreased their target price on Mattel from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Citigroup lowered Mattel from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $25.00 to $16.00 in a research report on Wednesday, February 11th. Finally, Jefferies Financial Group decreased their target price on Mattel from $25.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Mattel has an average rating of “Hold” and an average price target of $18.22.

Mattel Price Performance

NASDAQ MAT opened at $14.85 on Tuesday. Mattel, Inc. has a 52 week low of $14.10 and a 52 week high of $22.48. The firm has a market capitalization of $4.31 billion, a P/E ratio of 9.40, a PEG ratio of 1.32 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. The company has a 50-day moving average price of $15.33 and a 200-day moving average price of $18.26.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.04. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The firm had revenue of $862.17 million during the quarter, compared to analyst estimates of $808.38 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The business’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. Equities research analysts anticipate that Mattel, Inc. will post 1.34 earnings per share for the current year.

About Mattel

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.