New Age Alpha Advisors LLC Makes New Investment in Mattel, Inc. $MAT

New Age Alpha Advisors LLC purchased a new position in shares of Mattel, Inc. (NASDAQ:MAT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 171,698 shares of the company’s stock, valued at approximately $3,406,000. New Age Alpha Advisors LLC owned 0.06% of Mattel as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. EdgePoint Investment Group Inc. lifted its stake in shares of Mattel by 9.4% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 44,662,760 shares of the company’s stock worth $751,674,000 after purchasing an additional 3,839,176 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Mattel by 4.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,517,597 shares of the company’s stock worth $160,184,000 after purchasing an additional 401,469 shares during the period. LSV Asset Management lifted its stake in shares of Mattel by 1.8% during the 4th quarter. LSV Asset Management now owns 6,126,432 shares of the company’s stock worth $121,548,000 after purchasing an additional 108,622 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Mattel by 50.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock worth $80,709,000 after purchasing an additional 1,393,000 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Mattel by 11.4% during the 3rd quarter. Invesco Ltd. now owns 3,112,189 shares of the company’s stock worth $52,378,000 after purchasing an additional 318,971 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on MAT. Roth Mkm set a $16.00 price target on Mattel in a research note on Wednesday, February 11th. Argus raised Mattel to a “strong-buy” rating in a research note on Friday, March 13th. Wall Street Zen lowered Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Weiss Ratings lowered Mattel from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, March 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.22.

Mattel Stock Performance

Shares of MAT opened at $15.09 on Tuesday. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $4.39 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74. The stock’s fifty day simple moving average is $14.88 and its 200 day simple moving average is $17.88. Mattel, Inc. has a twelve month low of $14.10 and a twelve month high of $22.48.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.04. The business had revenue of $862.17 million for the quarter, compared to analyst estimates of $808.38 million. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted ($0.03) EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, equities research analysts forecast that Mattel, Inc. will post 1.31 earnings per share for the current year.

Mattel 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.