Lazard Asset Management LLC Buys 157,333 Shares of Mattel, Inc. $MAT

Lazard Asset Management LLC boosted its stake in Mattel, Inc. (NASDAQ:MAT) by 1,031.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,580 shares of the company’s stock after purchasing an additional 157,333 shares during the quarter. Lazard Asset Management LLC’s holdings in Mattel were worth $2,508,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Mattel in the first quarter worth about $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Mattel by 74.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock valued at $67,000 after acquiring an additional 1,468 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in 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 acquiring an additional 1,393,000 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 worth $15,135,000 after purchasing an additional 37,118 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in Mattel in the 1st quarter worth approximately $266,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Price Performance

Shares of NASDAQ:MAT opened at $15.09 on Monday. The firm has a market capitalization of $4.39 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 1.32 and a beta of 0.72. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.50 and a current ratio of 2.06. Mattel, Inc. has a 52-week low of $12.73 and a 52-week high of $22.48. The firm has a fifty day moving average of $14.21 and a 200 day moving average of $15.81.

Analyst Ratings Changes

MAT has been the subject of a number of recent analyst reports. Citigroup reduced their price target on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Jefferies Financial Group reiterated a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. Wells Fargo & Company dropped their price target on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Roth Capital decreased their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mattel in a research note on Thursday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.33.

Key Headlines Impacting Mattel

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Mattel promoted Roberto Stanichi to president, chief marketing and brand officer, expanding his responsibility for global brands and marketing. The move could improve coordination across Barbie, Hot Wheels and other franchises and support international brand growth. Mattel Promotes Roberto Stanichi to President, Chief Marketing and Brand Officer
• Positive Sentiment: New and collectible product activity remains active, including Hot Wheels releases, a Nightmare Before Christmas Monster High doll, Holiday Barbie and KPop Demon Hunters dolls. These launches may support seasonal sales and demonstrate continued use of Mattel’s entertainment and licensing portfolio. Monster High Doll Launch
• Neutral Sentiment: Investors are looking ahead to second-quarter earnings, with Hot Wheels momentum, digital gaming performance and improving retailer conditions identified as potential revenue drivers. However, margin pressure and the strength of the consumer recovery remain key questions. Mattel Q2 Earnings Preview
• Neutral Sentiment: Reports of a scramble over the Barbie sequel highlight both significant franchise value and execution risk. A successful follow-up could generate future licensing and toy demand, but delays or production uncertainty may postpone that opportunity. There’s a Scramble Underway Over a Barbie Sequel
• Negative Sentiment: The leadership change and sequel reports do not yet provide evidence of incremental earnings, leaving investors focused on whether Mattel can convert brand activity into stronger sales and margins. That lack of a clear near-term catalyst may be weighing on the shares ahead of results.

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.