Sei Investments Co. Grows Stake in Mattel, Inc. $MAT

Sei Investments Co. increased its position in shares of Mattel, Inc. (NASDAQ:MAT) by 107.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,159,405 shares of the company’s stock after purchasing an additional 1,117,726 shares during the quarter. Sei Investments Co.’s holdings in Mattel were worth $31,376,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in shares of Mattel by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company’s stock valued at $1,688,000 after buying an additional 623 shares in the last quarter. Quinn Opportunity Partners LLC boosted its position in shares of Mattel by 4.5% in the 4th quarter. Quinn Opportunity Partners LLC now owns 18,070 shares of the company’s stock worth $359,000 after buying an additional 774 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Mattel by 3.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 27,559 shares of the company’s stock worth $547,000 after buying an additional 920 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Mattel by 6.7% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,397 shares of the company’s stock valued at $276,000 after acquiring an additional 1,025 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in 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. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MAT. Odeon Capital Group began coverage on shares of Mattel in a report on Thursday, July 16th. They issued a “buy” rating on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. Zacks Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Citigroup lowered their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, July 10th. Finally, The Goldman Sachs Group downgraded Mattel from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $15.00 to $12.00 in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Mattel has an average rating of “Hold” and an average price target of $17.33.

Mattel Price Performance

MAT stock opened at $14.80 on Tuesday. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 1.26 and a beta of 0.74. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11. Mattel, Inc. has a 52-week low of $12.73 and a 52-week high of $22.48. The stock’s fifty day simple moving average is $14.19 and its 200-day simple moving average is $15.99.

Mattel (NASDAQ:MAT) last released its earnings results on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.04. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The firm had revenue of $862.17 million during the quarter, compared to analyst estimates of $808.38 million. During the same period in the prior year, the firm posted ($0.03) earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities research analysts expect that Mattel, Inc. will post 1.35 EPS for the current year.

Mattel Company 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.