Freestone Grove Partners LP Takes $15.55 Million Position in Mattel, Inc. $MAT

Freestone Grove Partners LP purchased a new stake in Mattel, Inc. (NASDAQ:MAT) in the 2nd quarter, HoldingsChannel reports. The firm purchased 1,120,413 shares of the company’s stock, valued at approximately $15,551,000.

A number of other large investors also recently bought and sold shares of MAT. Public Employees Retirement System of Ohio grew its holdings in 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 purchasing an additional 623 shares during the period. Sei Investments Co. raised its stake in shares of Mattel by 1.7% during the 2nd quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock worth $902,000 after buying an additional 758 shares during the period. Quinn Opportunity Partners LLC lifted its position in shares of Mattel by 4.5% during the 4th quarter. Quinn Opportunity Partners LLC now owns 18,070 shares of the company’s stock valued at $359,000 after buying an additional 774 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Mattel by 6.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,397 shares of the company’s stock valued at $276,000 after buying an additional 1,025 shares in 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 period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Price Performance

Mattel stock opened at $14.92 on Friday. The company has a fifty day simple moving average of $14.32 and a 200-day simple moving average of $14.98. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.47 and a beta of 0.72. Mattel, Inc. has a 52-week low of $12.73 and a 52-week high of $22.48.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Mattel had a return on equity of 16.20% and a net margin of 7.79%.The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, equities analysts anticipate that Mattel, Inc. will post 1.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Weiss Ratings lowered shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Argus reaffirmed a “buy” rating and set a $22.00 price objective on shares of Mattel in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Thursday, April 30th. The Goldman Sachs Group cut shares of Mattel from a “neutral” rating to a “sell” rating and cut their target price for the stock from $15.00 to $12.00 in a research note on Thursday, July 9th. Finally, Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Mattel presently has a consensus rating of “Hold” and a consensus target price of $17.80.

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.