Galvin Gaustad & Stein LLC Has $13.16 Million Stock Position in Mattel, Inc. $MAT

Galvin Gaustad & Stein LLC increased its stake in Mattel, Inc. (NASDAQ:MAT) by 11.8% during the second quarter, Holdings Channel.com reports. The fund owned 667,160 shares of the company’s stock after buying an additional 70,542 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Mattel were worth $13,156,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings in Mattel by 386.2% in the first quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company’s stock worth $139,218,000 after purchasing an additional 5,767,170 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Mattel by 247.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company’s stock worth $129,240,000 after purchasing an additional 4,737,199 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Mattel by 21.2% in the first quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company’s stock worth $157,179,000 after purchasing an additional 1,416,542 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Mattel by 50.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock worth $80,709,000 after purchasing an additional 1,393,000 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Mattel in the first quarter worth approximately $13,865,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Down 1.7%

Shares of NASDAQ:MAT opened at $18.10 on Friday. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 2.33 and a beta of 0.68. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. Mattel, Inc. has a 12-month low of $13.94 and a 12-month high of $22.07. The business’s 50 day moving average is $17.74 and its 200 day moving average is $18.03.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MAT shares. Roth Capital set a $22.00 target price on Mattel and gave the stock a “neutral” rating in a report on Friday, July 11th. Wall Street Zen downgraded Mattel from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mattel in a report on Wednesday. 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, JPMorgan Chase & Co. raised their price objective on Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.38.

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.