Forum Financial Management LP Invests $238,000 in Mattel, Inc. $MAT

Forum Financial Management LP bought a new position in Mattel, Inc. (NASDAQ:MAT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,075 shares of the company’s stock, valued at approximately $238,000.

Several other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Mattel by 21.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company’s stock worth $157,179,000 after buying an additional 1,416,542 shares during the period. AQR Capital Management LLC raised its position in shares of Mattel by 386.2% in the 1st quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company’s stock worth $139,218,000 after buying an additional 5,767,170 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Mattel by 247.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company’s stock worth $129,240,000 after buying an additional 4,737,199 shares during the period. LSV Asset Management raised its position in shares of Mattel by 14.1% in the 1st quarter. LSV Asset Management now owns 4,673,142 shares of the company’s stock worth $90,799,000 after buying an additional 578,677 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Mattel by 50.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock worth $80,709,000 after buying an additional 1,393,000 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Trading Up 3.2%

NASDAQ:MAT opened at $19.04 on Tuesday. The business’s 50-day moving average is $17.90 and its two-hundred day moving average is $18.09. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.18. Mattel, Inc. has a 12 month low of $13.94 and a 12 month high of $22.07. The firm has a market capitalization of $6.13 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 2.36 and a beta of 0.68.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Cfra Research lowered Mattel from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Roth Capital set a $20.00 target price on Mattel and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. cut their target price on Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday. DA Davidson cut their price objective on Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mattel in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $22.57.

About Mattel

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.