Man Group plc Takes Position in Mattel, Inc. $MAT

Man Group plc bought a new stake in shares of Mattel, Inc. (NASDAQ:MAT) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,334,961 shares of the company’s stock, valued at approximately $18,529,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. raised its position in Mattel by 2,959.6% in the first quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock worth $25,000 after purchasing an additional 1,687 shares in the last quarter. Quarry LP acquired a new stake in Mattel during the third quarter valued at approximately $28,000. Los Angeles Capital Management LLC bought a new stake in shares of Mattel in the 4th quarter valued at approximately $31,000. Atlas Capital Advisors Inc. bought a new stake in shares of Mattel in the 4th quarter valued at approximately $36,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Mattel in the 2nd quarter valued at approximately $38,000. Institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

NASDAQ MAT opened at $14.92 on Friday. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.47 and a beta of 0.72. The company has a 50 day moving average of $14.32 and a 200-day moving average of $14.98. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. Mattel, Inc. has a 1-year low of $12.73 and a 1-year high of $22.48.

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

Wall Street Analysts Forecast Growth

MAT has been the subject of several analyst reports. Wall Street Zen downgraded Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Roth Capital lowered their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Wells Fargo & Company dropped their price objective on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Odeon Capital Group assumed coverage on Mattel in a report on Thursday, July 16th. They set a “buy” rating for the company. Finally, The Goldman Sachs Group downgraded shares of Mattel from a “neutral” rating to a “sell” rating and reduced their target price for the company from $15.00 to $12.00 in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Mattel currently has a consensus rating of “Hold” and an average target price of $17.80.

About Mattel

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.