Caxton Associates LLP Purchases Shares of 69,145 Mattel, Inc. $MAT

Caxton Associates LLP purchased a new stake in shares of Mattel, Inc. (NASDAQ:MAT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 69,145 shares of the company’s stock, valued at approximately $1,343,000.

Other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont grew its holdings in Mattel by 995.8% during the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock valued at $26,000 after buying an additional 1,195 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Mattel by 52.9% in the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company’s stock worth $54,000 after purchasing an additional 962 shares during the period. UMB Bank n.a. boosted its holdings in shares of Mattel by 93.5% in the 1st quarter. UMB Bank n.a. now owns 2,995 shares of the company’s stock worth $58,000 after purchasing an additional 1,447 shares during the period. Atlas Capital Advisors Inc. purchased a new position in shares of Mattel in the 1st quarter worth approximately $59,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of Mattel by 10,226.7% in the 1st quarter. Sound Income Strategies LLC now owns 3,098 shares of the company’s stock worth $60,000 after purchasing an additional 3,068 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Price Performance

MAT opened at $18.33 on Wednesday. The business has a fifty day moving average of $18.52 and a 200 day moving average of $18.49. Mattel, Inc. has a 52-week low of $13.94 and a 52-week high of $22.07. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. The stock has a market cap of $5.91 billion, a P/E ratio of 11.83, a PEG ratio of 2.25 and a beta of 0.66.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Mattel had a return on equity of 25.19% and a net margin of 9.87%.The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business earned $0.19 EPS. Mattel’s revenue was down 5.7% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, sell-side analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on MAT. DA Davidson reiterated a “buy” rating and issued a $30.00 target price on shares of Mattel in a report on Thursday, May 15th. Wall Street Zen cut Mattel from a “buy” rating to a “hold” rating in a report on Friday, June 27th. JPMorgan Chase & Co. lifted their target price on Mattel from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Citigroup lifted their target price on Mattel from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, June 16th. Finally, Roth Capital set a $22.00 target price on Mattel and gave the stock a “neutral” rating in a report on Friday, July 11th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $24.38.

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.