Campbell & CO Investment Adviser LLC Boosts Stock Position in Mattel, Inc. $MAT

Campbell & CO Investment Adviser LLC lifted its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 38.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,417 shares of the company’s stock after buying an additional 46,665 shares during the quarter. Campbell & CO Investment Adviser LLC owned approximately 0.05% of Mattel worth $3,341,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in Mattel by 189.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock worth $32,000 after acquiring 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 during the period. True Wealth Design LLC increased its stake in shares of Mattel by 409.1% during the second quarter. True Wealth Design LLC now owns 2,846 shares of the company’s stock worth $56,000 after purchasing an additional 2,287 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Mattel during the first quarter worth about $59,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Mattel during the 2nd quarter worth about $63,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Trading Up 0.3%

Shares of Mattel stock opened at $18.73 on Monday. The stock has a market cap of $5.82 billion, a P/E ratio of 13.98, a P/E/G ratio of 2.21 and a beta of 0.76. The stock’s 50 day simple moving average is $18.00 and its 200-day simple moving average is $18.35. Mattel, Inc. has a 1-year low of $13.94 and a 1-year high of $22.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.18.

Mattel (NASDAQ:MAT) last posted 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 during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business posted $1.14 EPS. Mattel’s revenue for the quarter was down 5.9% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Cfra Research cut Mattel from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their target price on Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock 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 stock a “neutral” rating in a research report on Wednesday, October 22nd. Finally, DA Davidson dropped their price target on Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.57.

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.