Callan Family Office LLC Takes Position in Mattel, Inc. $MAT

Callan Family Office LLC acquired a new stake in shares of Mattel, Inc. (NASDAQ:MAT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 50,926 shares of the company’s stock, valued at approximately $707,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. lifted its holdings in Mattel by 3.8% during the first quarter. EdgePoint Investment Group Inc. now owns 49,140,882 shares of the company’s stock valued at $714,017,000 after purchasing an additional 1,799,640 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Mattel in the second quarter worth $363,273,000. Dimensional Fund Advisors LP raised its position in shares of Mattel by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,052,845 shares of the company’s stock valued at $160,591,000 after purchasing an additional 783,102 shares during the period. LSV Asset Management lifted its stake in shares of Mattel by 1.8% during the 4th quarter. LSV Asset Management now owns 6,126,432 shares of the company’s stock valued at $121,548,000 after buying an additional 108,622 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Mattel by 15.1% in the 4th quarter. Morgan Stanley now owns 5,350,290 shares of the company’s stock worth $106,150,000 after buying an additional 703,806 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Price Performance

Mattel stock opened at $15.26 on Wednesday. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 1.43 and a beta of 0.72. The firm’s fifty day moving average is $14.27 and its 200 day moving average is $15.07. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17. Mattel, Inc. has a 52-week low of $12.73 and a 52-week high of $22.48.

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

Analysts Set New Price Targets

MAT has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on Mattel from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Thursday, April 30th. Citigroup dropped their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Wall Street Zen lowered shares of Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Weiss Ratings cut shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.80.

Mattel Company 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.