JPMorgan Chase & Co. Boosts Holdings in Mattel, Inc. $MAT

JPMorgan Chase & Co. raised its position in shares of Mattel, Inc. (NASDAQ:MAT) by 21.2% during the third quarter, HoldingsChannel reports. The fund owned 1,393,829 shares of the company’s stock after acquiring an additional 244,030 shares during the quarter. JPMorgan Chase & Co.’s holdings in Mattel were worth $23,458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Mattel by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company’s stock worth $1,688,000 after acquiring an additional 623 shares during the last quarter. State of Wyoming boosted its stake in shares of Mattel by 4.3% during the 3rd quarter. State of Wyoming now owns 15,251 shares of the company’s stock worth $257,000 after purchasing an additional 634 shares during the period. Jones Financial Companies Lllp grew its holdings in Mattel by 12.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 6,687 shares of the company’s stock valued at $113,000 after purchasing an additional 747 shares during the last quarter. Sei Investments Co. grew its holdings in Mattel by 1.7% during the 2nd quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock valued at $902,000 after purchasing an additional 758 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in Mattel by 6.7% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,397 shares of the company’s stock worth $276,000 after purchasing an additional 1,025 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Argus raised shares of Mattel to a “strong-buy” rating in a research note on Friday, March 13th. Wells Fargo & Company assumed coverage on Mattel in a report on Wednesday, March 11th. They issued an “overweight” rating and a $19.00 price target on the stock. Weiss Ratings downgraded Mattel from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th. Roth Mkm set a $16.00 price target on Mattel in a research note on Wednesday, February 11th. Finally, The Goldman Sachs Group boosted their price objective on Mattel from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Mattel has an average rating of “Hold” and a consensus target price of $18.44.

Mattel Trading Down 0.9%

Shares of MAT opened at $14.95 on Wednesday. Mattel, Inc. has a 1-year low of $13.94 and a 1-year high of $22.48. The company has a 50-day moving average of $18.12 and a 200 day moving average of $18.80. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 11.87 and a beta of 0.72. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.15 and a quick ratio of 1.76.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.14). The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Mattel had a net margin of 7.44% and a return on equity of 20.72%. Mattel’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.35 earnings per share. Mattel has set its FY 2026 guidance at 1.180-1.300 EPS. On average, research analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

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.