Intech Investment Management LLC Reduces Stock Holdings in Mattel, Inc. $MAT

Intech Investment Management LLC reduced its holdings in Mattel, Inc. (NASDAQ:MAT) by 72.3% during the 4th quarter, Holdings Channel reports. The fund owned 98,295 shares of the company’s stock after selling 256,103 shares during the period. Intech Investment Management LLC’s holdings in Mattel were worth $1,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Cornerstone Planning Group LLC boosted its holdings in shares of Mattel by 537.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock valued at $25,000 after acquiring an additional 1,140 shares during the last quarter. Quarry LP purchased a new stake in shares of Mattel in the 3rd quarter valued at $28,000. Farther Finance Advisors LLC boosted its holdings in shares of Mattel by 107.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after acquiring an additional 1,048 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Mattel in the 3rd quarter valued at $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Mattel by 74.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock valued at $67,000 after acquiring an additional 1,468 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Performance

Shares of NASDAQ MAT opened at $14.34 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.50 and a current ratio of 2.06. The company has a market capitalization of $4.17 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 1.29 and a beta of 0.72. Mattel, Inc. has a 1 year low of $14.10 and a 1 year high of $22.48. The company’s fifty day moving average price is $14.80 and its 200 day moving average price is $17.67.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.04. The business had revenue of $862.17 million for the quarter, compared to the consensus estimate of $808.38 million. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, research analysts predict that Mattel, Inc. will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Morgan Stanley set a $18.00 price objective on shares of Mattel in a report on Wednesday, February 11th. Weiss Ratings downgraded shares of Mattel from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th. Citigroup downgraded shares of Mattel from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $16.00 in a report on Wednesday, February 11th. Roth Mkm set a $16.00 price objective on shares of Mattel in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mattel currently has a consensus rating of “Hold” and an average target price of $18.22.

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.