FORA Capital LLC Buys New Shares in Mattel, Inc. $MAT

FORA Capital LLC bought a new position in Mattel, Inc. (NASDAQ:MAT) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,286 shares of the company’s stock, valued at approximately $569,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in shares of Mattel by 56.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 61,403 shares of the company’s stock valued at $1,089,000 after purchasing an additional 22,093 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Mattel in the 4th quarter valued at approximately $660,000. Mariner LLC raised its position in shares of Mattel by 35.5% in the 4th quarter. Mariner LLC now owns 15,097 shares of the company’s stock valued at $268,000 after acquiring an additional 3,959 shares during the period. Hsbc Holdings PLC raised its holdings in Mattel by 15.7% during the 4th quarter. Hsbc Holdings PLC now owns 29,460 shares of the company’s stock worth $521,000 after buying an additional 4,003 shares during the period. Finally, Quarry LP raised its holdings in Mattel by 130.3% during the 4th quarter. Quarry LP now owns 3,148 shares of the company’s stock worth $56,000 after buying an additional 1,781 shares during the period. Institutional investors own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MAT shares. The Goldman Sachs Group lowered their price objective on shares of Mattel from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. DA Davidson reissued a “buy” rating and issued a $30.00 target price on shares of Mattel in a research note on Thursday, May 15th. Morgan Stanley lifted their price objective on shares of Mattel from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. boosted their target price on shares of Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Roth Capital set a $22.00 target price on shares of Mattel and gave the company a “neutral” rating in a research report on Friday, July 11th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Mattel has an average rating of “Moderate Buy” and an average price target of $24.38.

Mattel Stock Down 0.4%

Shares of NASDAQ MAT opened at $18.46 on Friday. The company has a 50 day simple moving average of $18.70 and a 200 day simple moving average of $18.70. The firm has a market cap of $5.95 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 2.26 and a beta of 0.62. Mattel, Inc. has a 1 year low of $13.94 and a 1 year high of $22.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 1.12.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.19 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current year.

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.