Mattel, Inc. $MAT Shares Sold by KBC Group NV

KBC Group NV lowered its stake in Mattel, Inc. (NASDAQ:MAT) by 36.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 9,701 shares of the company’s stock after selling 5,523 shares during the period. KBC Group NV’s holdings in Mattel were worth $191,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. grew its stake in Mattel by 394.5% in the first quarter. Envestnet Asset Management Inc. now owns 303,630 shares of the company’s stock worth $5,900,000 after purchasing an additional 242,227 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Mattel by 47.2% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 329,254 shares of the company’s stock worth $6,397,000 after buying an additional 105,558 shares during the last quarter. Oak Thistle LLC lifted its holdings in Mattel by 250.9% during the 1st quarter. Oak Thistle LLC now owns 91,857 shares of the company’s stock worth $1,785,000 after buying an additional 65,683 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Mattel by 87.9% in the 1st quarter. Cetera Investment Advisers now owns 22,509 shares of the company’s stock worth $437,000 after acquiring an additional 10,528 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Mattel by 866.9% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 10,268 shares of the company’s stock valued at $200,000 after acquiring an additional 9,206 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Down 0.8%

Mattel stock opened at $18.57 on Thursday. Mattel, Inc. has a 52 week low of $13.94 and a 52 week high of $22.07. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 2.21 and a beta of 0.75. The company’s 50-day moving average price is $18.12 and its two-hundred day moving average price is $18.52. The company has a current ratio of 1.60, a quick ratio of 1.18 and a debt-to-equity ratio of 0.77.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results 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 return on equity of 20.60% and a net margin of 8.27%.The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company posted $1.14 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, analysts expect that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. DA Davidson reduced their price target on shares of Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. 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. JPMorgan Chase & Co. lowered their target price on Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mattel in a research report on Wednesday, October 8th. Finally, Cfra Research downgraded Mattel from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.57.

Mattel 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.