Mattel, Inc. $MAT Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc cut its stake in Mattel, Inc. (NASDAQ:MAT) by 78.5% in the 1st quarter, HoldingsChannel reports. The fund owned 52,000 shares of the company’s stock after selling 190,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Mattel were worth $756,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. SJS Investment Consulting Inc. lifted 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 during the period. Quarry LP acquired a new position in shares of Mattel during the 3rd quarter valued at $28,000. Los Angeles Capital Management LLC bought a new stake in shares of Mattel in the 4th quarter worth $31,000. Atlas Capital Advisors Inc. bought a new stake in shares of Mattel in the 4th quarter worth $36,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Mattel by 107.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after buying an additional 1,048 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

MAT has been the subject of several research reports. JPMorgan Chase & Co. decreased their target price on Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. Argus upgraded shares of Mattel to a “strong-buy” rating in a research report on Friday, March 13th. Wells Fargo & Company lowered their price objective on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Zacks Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.89.

Mattel Stock Performance

Shares of MAT opened at $13.34 on Friday. Mattel, Inc. has a one year low of $13.17 and a one year high of $22.48. The company has a 50-day moving average of $14.52 and a two-hundred day moving average of $16.72. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 8.44, a PEG 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) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. The business had revenue of $862.17 million for the quarter, compared to analyst estimates of $808.38 million. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.03) earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, equities research analysts expect that Mattel, Inc. will post 1.34 earnings per share for the current year.

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.