Mattel, Inc. $MAT Stock Position Cut by Franklin Resources Inc.

Franklin Resources Inc. lessened its stake in Mattel, Inc. (NASDAQ:MAT) by 1.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,359,655 shares of the company’s stock after selling 95,975 shares during the period. Franklin Resources Inc.’s holdings in Mattel were worth $146,016,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAT. Integrated Wealth Concepts LLC bought a new position in Mattel in the 1st quarter valued at about $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 valued at $67,000 after buying an additional 1,468 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Mattel by 50.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock valued at $80,709,000 after buying an additional 1,393,000 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Mattel by 5.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company’s stock valued at $15,135,000 after buying an additional 37,118 shares in the last quarter. Finally, Focus Partners Wealth bought a new position in Mattel in the 1st quarter valued at about $266,000. Institutional investors own 97.15% of the company’s stock.

Mattel Price Performance

NASDAQ MAT opened at $14.69 on Thursday. The company has a 50 day simple moving average of $14.78 and a 200-day simple moving average of $17.51. Mattel, Inc. has a 52-week low of $13.95 and a 52-week high of $22.48. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 1.30 and a beta of 0.72. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Roth Mkm set a $16.00 price target on shares of Mattel in a report on Wednesday, February 11th. Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. The Goldman Sachs Group upped their price target on shares of Mattel from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. UBS Group reissued a “buy” rating and issued a $28.00 price target on shares of Mattel in a report on Thursday, March 5th. Finally, Weiss Ratings downgraded shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th. One 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.22.

Mattel Company 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.