Seizert Capital Partners LLC Makes New $2.41 Million Investment in Mattel, Inc. $MAT

Seizert Capital Partners LLC bought a new stake in shares of Mattel, Inc. (NASDAQ:MAT) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 122,063 shares of the company’s stock, valued at approximately $2,407,000.

A number of other hedge funds have also made changes to their positions in the stock. Parallel Advisors LLC grew its position in Mattel by 189.9% during the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock valued at $32,000 after purchasing an additional 1,054 shares in the last quarter. Traub Capital Management LLC acquired a new stake in shares of Mattel during the 2nd quarter valued at $40,000. IFP Advisors Inc boosted its stake in shares of Mattel by 90.6% during the 2nd quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock valued at $44,000 after buying an additional 1,053 shares during the period. True Wealth Design LLC grew its holdings in shares of Mattel by 409.1% during the 2nd quarter. True Wealth Design LLC now owns 2,846 shares of the company’s stock valued at $56,000 after acquiring an additional 2,287 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Mattel by 469.5% in the second quarter. Allworth Financial LP now owns 2,853 shares of the company’s stock worth $56,000 after acquiring an additional 2,352 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAT has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mattel in a research note on Wednesday, October 8th. Roth Capital set a $20.00 price target on Mattel and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Cfra Research downgraded Mattel from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 22nd. Finally, DA Davidson cut their price objective on shares of Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Mattel presently has an average rating of “Hold” and a consensus target price of $22.57.

Mattel Price Performance

Shares of MAT stock opened at $18.72 on Wednesday. The stock’s 50 day simple moving average is $18.11 and its 200 day simple moving average is $18.52. Mattel, Inc. has a twelve month low of $13.94 and a twelve month high of $22.07. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.18 and a current ratio of 1.60. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 2.21 and a beta of 0.75.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.16). Mattel had a net margin of 8.27% and a return on equity of 20.60%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business earned $1.14 EPS. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, research analysts predict that Mattel, Inc. will post 1.7 EPS for the current year.

Mattel Company 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.