Norges Bank Invests $49.18 Million in Mattel, Inc. $MAT

Norges Bank acquired a new position in shares of Mattel, Inc. (NASDAQ:MAT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,478,955 shares of the company’s stock, valued at approximately $49,182,000. Norges Bank owned 0.80% of Mattel as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MAT. Eurizon Capital SGR S.p.A. bought a new stake in Mattel during the fourth quarter worth $148,000. Hillsdale Investment Management Inc. raised its holdings in shares of Mattel by 2.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 46,708 shares of the company’s stock worth $927,000 after buying an additional 1,208 shares in the last quarter. King Luther Capital Management Corp raised its holdings in shares of Mattel by 2.4% during the 4th quarter. King Luther Capital Management Corp now owns 968,915 shares of the company’s stock worth $19,223,000 after buying an additional 22,675 shares in the last quarter. Kestra Investment Management LLC lifted its position in shares of Mattel by 10.5% during the 4th quarter. Kestra Investment Management LLC now owns 107,157 shares of the company’s stock worth $2,126,000 after buying an additional 10,147 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Mattel during the 4th quarter worth $3,406,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Performance

NASDAQ:MAT opened at $14.08 on Monday. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11. Mattel, Inc. has a twelve month low of $13.95 and a twelve month high of $22.48. The company has a fifty day moving average of $14.77 and a 200-day moving average of $17.60. The firm has a market capitalization of $4.09 billion, a P/E ratio of 8.91, a P/E/G ratio of 1.26 and a beta of 0.72.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.04. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The company had revenue of $862.17 million during the quarter, compared to the consensus estimate of $808.38 million. During the same period last year, the business posted ($0.03) EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, sell-side analysts anticipate that Mattel, Inc. will post 1.31 EPS for the current year.

Analyst Ratings Changes

MAT has been the topic of a number of recent research reports. Argus raised Mattel to a “strong-buy” rating in a research note on Friday, March 13th. The Goldman Sachs Group lifted their target price on shares of Mattel from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Zacks Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Citigroup cut shares of Mattel from a “buy” rating to a “neutral” rating and decreased their price target for the company from $25.00 to $16.00 in a research report on Wednesday, February 11th. Finally, Roth Mkm set a $16.00 price target on shares of Mattel in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.22.

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.