119,574 Shares in Mattel, Inc. $MAT Purchased by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in Mattel, Inc. (NASDAQ:MAT) during the 2nd quarter, Holdings Channel reports. The firm bought 119,574 shares of the company’s stock, valued at approximately $1,660,000.

Other hedge funds have also modified their holdings of the company. EdgePoint Investment Group Inc. raised 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 worth $714,017,000 after purchasing an additional 1,799,640 shares during the last quarter. Primecap Management Co. CA purchased a new stake in shares of Mattel during the 2nd quarter valued at $409,540,000. BlackRock Inc. acquired a new stake in shares of Mattel during the 2nd quarter worth $363,273,000. Dimensional Fund Advisors LP raised its holdings in shares of Mattel by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,052,845 shares of the company’s stock worth $160,591,000 after purchasing an additional 783,102 shares during the period. Finally, LSV Asset Management raised its holdings in shares of Mattel by 1.8% in the 4th quarter. LSV Asset Management now owns 6,126,432 shares of the company’s stock worth $121,548,000 after purchasing an additional 108,622 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mattel

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $15.02, for a total transaction of $587,026.66. Following the transaction, the executive vice president owned 144,390 shares in the company, valued at $2,168,737.80. This represents a 21.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by insiders.

Mattel Price Performance

Shares of MAT opened at $14.53 on Friday. Mattel, Inc. has a twelve month low of $12.73 and a twelve month high of $22.48. The firm’s 50 day moving average price is $14.41 and its 200 day moving average price is $14.86. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.26 and a current ratio of 1.90. The firm has a market cap of $4.15 billion, a PE ratio of 10.68, a PEG ratio of 1.57 and a beta of 0.72.

Mattel (NASDAQ:MAT) last issued its quarterly 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). 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 the consensus estimate of $1.10 billion. During the same period in the prior year, the firm 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. As a group, research analysts expect that Mattel, Inc. will post 1.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MAT. Roth Capital decreased their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Citigroup lowered their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Argus reaffirmed a “buy” rating and set a $22.00 target price on shares of Mattel in a report on Tuesday, August 25th. The Goldman Sachs Group downgraded shares of Mattel from a “neutral” rating to a “sell” rating and cut their price target for the company from $15.00 to $12.00 in a report on Thursday, July 9th. Finally, Weiss Ratings cut shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. One equities 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Mattel presently has a consensus rating of “Hold” and an average target price of $17.80.

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.