Bank of Montreal Can Trims Stock Holdings in Mattel, Inc. $MAT

Bank of Montreal Can lowered its holdings in Mattel, Inc. (NASDAQ:MAT) by 10.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 456,629 shares of the company’s stock after selling 51,221 shares during the period. Bank of Montreal Can’s holdings in Mattel were worth $9,005,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in Mattel by 189.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock valued at $32,000 after buying an additional 1,054 shares in the last quarter. IFP Advisors Inc grew its position in shares of Mattel by 90.6% in the second quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock valued at $44,000 after purchasing an additional 1,053 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Mattel during the 1st quarter valued at $59,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Mattel by 74.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock worth $67,000 after purchasing an additional 1,468 shares in the last quarter. Finally, Covestor Ltd boosted its stake in Mattel by 348.0% in the 1st quarter. Covestor Ltd now owns 4,525 shares of the company’s stock worth $88,000 after purchasing an additional 3,515 shares during the period. 97.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MAT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mattel in a report on Wednesday, October 8th. Roth Capital set a $20.00 price target on shares of Mattel and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. DA Davidson lowered their price objective on Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Cfra Research lowered shares of Mattel from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. lowered their price target on Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mattel has a consensus rating of “Hold” and a consensus price target of $22.57.

Mattel Trading Up 0.3%

Shares of MAT opened at $18.73 on Monday. The stock has a market capitalization of $5.82 billion, a P/E ratio of 13.98, a PEG ratio of 2.21 and a beta of 0.76. Mattel, Inc. has a twelve month low of $13.94 and a twelve month high of $22.07. The company has a quick ratio of 1.18, a current ratio of 1.60 and a debt-to-equity ratio of 0.77. The firm has a fifty day simple moving average of $18.00 and a two-hundred day simple moving average of $18.35.

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

Mattel 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.