EMC Capital Management Takes Position in Mattel, Inc. $MAT

EMC Capital Management purchased a new position in Mattel, Inc. (NASDAQ:MAT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,430 shares of the company’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its holdings in Mattel by 189.9% in the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock worth $32,000 after acquiring an additional 1,054 shares in the last quarter. Traub Capital Management LLC bought a new position in shares of Mattel during the second quarter valued at $40,000. IFP Advisors Inc raised its position in shares of Mattel by 90.6% in the 2nd quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock worth $44,000 after purchasing an additional 1,053 shares during the last quarter. True Wealth Design LLC boosted its stake in Mattel by 409.1% in the 2nd quarter. True Wealth Design LLC now owns 2,846 shares of the company’s stock worth $56,000 after purchasing an additional 2,287 shares in the last quarter. Finally, Allworth Financial LP grew its position in Mattel by 469.5% during the 2nd quarter. Allworth Financial LP now owns 2,853 shares of the company’s stock valued at $56,000 after purchasing an additional 2,352 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

Analysts Set New Price Targets

MAT has been the subject of several recent analyst reports. Cfra Research cut shares of Mattel from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 22nd. Seaport Res Ptn upgraded shares of Mattel to a “hold” rating in a report on Monday, November 10th. Roth Capital set a $20.00 target price on Mattel and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Mattel in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price target on Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Mattel presently has a consensus rating of “Hold” and a consensus price target of $22.57.

Mattel Stock Performance

NASDAQ:MAT opened at $18.72 on Wednesday. The company has a market cap of $5.82 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75. The company has a current ratio of 1.60, a quick ratio of 1.18 and a debt-to-equity ratio of 0.77. The company has a 50 day simple moving average of $18.11 and a two-hundred day simple moving average of $18.52. Mattel, Inc. has a 12 month low of $13.94 and a 12 month high of $22.07.

Mattel (NASDAQ:MAT) last released its quarterly 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 firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the business earned $1.14 earnings per share. The business’s quarterly revenue was down 5.9% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Research analysts forecast 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.