HS Management Partners LLC Decreases Holdings in Mattel, Inc. $MAT

HS Management Partners LLC cut its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 45.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 683,200 shares of the company’s stock after selling 579,975 shares during the period. Mattel comprises approximately 2.9% of HS Management Partners LLC’s holdings, making the stock its 19th largest position. HS Management Partners LLC owned approximately 0.22% of Mattel worth $13,555,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jefferies Financial Group Inc. purchased a new stake in Mattel during the 4th quarter valued at $697,000. CFO4Life Group LLC purchased a new stake in Mattel during the 4th quarter valued at $290,000. LSV Asset Management raised its stake in Mattel by 1.8% during the 4th quarter. LSV Asset Management now owns 6,126,432 shares of the company’s stock valued at $121,548,000 after buying an additional 108,622 shares during the last quarter. Leonteq Securities AG purchased a new stake in Mattel during the 4th quarter valued at $117,000. Finally, Cullen Frost Bankers Inc. raised its stake in Mattel by 67.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 8,350 shares of the company’s stock valued at $166,000 after buying an additional 3,350 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Mattel from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. UBS Group restated a “buy” rating and issued a $28.00 price objective on shares of Mattel in a research note on Thursday, March 5th. Roth Mkm set a $16.00 price objective on Mattel in a research note on Wednesday, February 11th. Argus upgraded Mattel to a “strong-buy” rating in a research note on Friday, March 13th. Finally, Wells Fargo & Company reduced their price objective on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Mattel currently has an average rating of “Hold” and a consensus price target of $18.22.

Mattel Trading Up 0.8%

NASDAQ:MAT opened at $15.09 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74. Mattel, Inc. has a one year low of $14.10 and a one year high of $22.48. The business has a fifty day moving average price of $14.90 and a 200-day moving average price of $17.91.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.04. The firm had revenue of $862.17 million during 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%.Mattel’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts forecast that Mattel, Inc. will post 1.31 EPS 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.