Louisiana State Employees Retirement System Makes New $1.31 Million Investment in Mattel, Inc. $MAT

Louisiana State Employees Retirement System bought a new stake in shares of Mattel, Inc. (NASDAQ:MAT) during the 1st quarter, Holdings Channel.com reports. The fund bought 90,100 shares of the company’s stock, valued at approximately $1,309,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MAT. EdgePoint Investment Group Inc. raised its position in shares of Mattel by 9.4% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 44,662,760 shares of the company’s stock worth $751,674,000 after acquiring an additional 3,839,176 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Mattel by 274.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 3,445,360 shares of the company’s stock valued at $68,356,000 after purchasing an additional 2,524,123 shares in the last quarter. Norges Bank bought a new stake in Mattel during the fourth quarter valued at about $49,182,000. Serenity Capital Management PTE. LTD. purchased a new position in Mattel in the fourth quarter valued at about $47,331,000. Finally, Simcoe Capital Management LLC purchased a new position in Mattel in the third quarter valued at about $39,044,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Argus upgraded shares of Mattel to a “strong-buy” rating in a report on Friday, March 13th. JPMorgan Chase & Co. lowered their price target on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. Zacks Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Wall Street Zen cut 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, four have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Mattel has a consensus rating of “Hold” and an average price target of $17.89.

Mattel Stock Performance

Shares of NASDAQ:MAT opened at $13.34 on Friday. The business’s 50-day moving average is $14.52 and its 200 day moving average is $16.72. Mattel, Inc. has a 1 year low of $13.17 and a 1 year high of $22.48. The firm has a market capitalization of $3.88 billion, a P/E ratio of 8.44, a P/E/G ratio of 1.17 and a beta of 0.74. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. The company had revenue of $862.17 million during the quarter, compared to analysts’ expectations of $808.38 million. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business posted ($0.03) earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, research analysts predict that Mattel, Inc. will post 1.34 earnings per share for the current fiscal year.

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.