52,000 Shares in Mattel, Inc. $MAT Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc bought a new stake in Mattel, Inc. (NASDAQ:MAT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 52,000 shares of the company’s stock, valued at approximately $722,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SJS Investment Consulting Inc. raised its stake in Mattel by 2,959.6% during the first quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock worth $25,000 after acquiring an additional 1,687 shares in the last quarter. Quarry LP acquired a new stake in shares of Mattel in the 3rd quarter valued at approximately $28,000. Los Angeles Capital Management LLC bought a new stake in shares of Mattel during the 4th quarter valued at approximately $31,000. Atlas Capital Advisors Inc. bought a new stake in shares of Mattel during the 4th quarter valued at approximately $36,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Mattel during the 2nd quarter valued at approximately $38,000. Institutional investors own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

MAT has been the subject of several research reports. The Goldman Sachs Group downgraded shares of Mattel from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $15.00 to $12.00 in a research note on Thursday, July 9th. Citigroup lowered their price target on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, July 10th. 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 note on Thursday, April 30th. JPMorgan Chase & Co. cut their price objective on Mattel from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Thursday, April 30th. Finally, Wall Street Zen lowered Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.33.

Mattel Stock Down 3.0%

NASDAQ:MAT opened at $14.58 on Tuesday. Mattel, Inc. has a one year low of $12.73 and a one year high of $22.48. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 1.26. The company has a market cap of $4.17 billion, a PE ratio of 10.72, a P/E/G ratio of 1.45 and a beta of 0.72. The firm’s 50 day simple moving average is $14.24 and its 200 day simple moving average is $15.33.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. Mattel had a net margin of 7.79% and a return on equity of 16.20%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, research analysts anticipate that Mattel, Inc. will post 1.32 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.