New York State Teachers Retirement System Sells 773 Shares of Mattel, Inc. $MAT

New York State Teachers Retirement System reduced its position in shares of Mattel, Inc. (NASDAQ:MAT) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 311,156 shares of the company’s stock after selling 773 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Mattel worth $6,136,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MAT. AQR Capital Management LLC lifted its position in shares of Mattel by 386.2% during the 1st quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company’s stock valued at $139,218,000 after buying an additional 5,767,170 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Mattel by 247.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company’s stock valued at $129,240,000 after buying an additional 4,737,199 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Mattel by 21.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company’s stock valued at $157,179,000 after buying an additional 1,416,542 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Mattel by 50.5% during 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. Finally, Nuveen LLC purchased a new position in shares of Mattel during the 1st quarter valued at about $13,865,000. 97.15% of the stock is currently owned by institutional investors.

Mattel Stock Up 1.7%

NASDAQ MAT opened at $18.41 on Monday. The stock’s 50 day moving average is $17.82 and its 200 day moving average is $17.96. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. Mattel, Inc. has a 12 month low of $13.94 and a 12 month high of $22.07. The stock has a market cap of $5.93 billion, a PE ratio of 11.88, a P/E/G ratio of 2.33 and a beta of 0.68.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Mattel had a return on equity of 25.19% and a net margin of 9.87%.The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm earned $0.19 EPS. The firm’s revenue was down 5.7% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Research analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MAT has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mattel in a research report on Wednesday, October 8th. Wall Street Zen cut Mattel from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Roth Capital set a $22.00 price objective on Mattel and gave the company a “neutral” rating in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. lifted their price objective on Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Mattel currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.38.

About Mattel

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.