Callan Family Office LLC Buys Shares of 22,747 Mattel, Inc. $MAT

Callan Family Office LLC bought a new stake in shares of Mattel, Inc. (NASDAQ:MAT) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,747 shares of the company’s stock, valued at approximately $449,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. 111 Capital boosted its stake in Mattel by 22.2% during the 2nd quarter. 111 Capital now owns 12,496 shares of the company’s stock valued at $246,000 after purchasing an additional 2,268 shares during the period. Pure Financial Advisors LLC acquired a new stake in shares of Mattel in the 2nd quarter worth approximately $380,000. HS Management Partners LLC lifted its stake in shares of Mattel by 4.5% in the 2nd quarter. HS Management Partners LLC now owns 2,358,525 shares of the company’s stock worth $46,510,000 after acquiring an additional 101,225 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of Mattel by 26.6% in the 2nd quarter. TD Private Client Wealth LLC now owns 6,532 shares of the company’s stock worth $129,000 after acquiring an additional 1,374 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Mattel by 101.8% in the 2nd quarter. GAMMA Investing LLC now owns 10,206 shares of the company’s stock worth $201,000 after acquiring an additional 5,148 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Mattel from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mattel in a research note on Wednesday, October 8th. Roth Capital set a $22.00 target price on shares of Mattel and gave the stock a “neutral” rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Mattel from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.38.

Mattel Stock Up 2.9%

Mattel stock opened at $17.80 on Wednesday. The firm has a market cap of $5.74 billion, a PE ratio of 11.48, a P/E/G ratio of 2.19 and a beta of 0.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.12 and a current ratio of 1.62. The firm’s 50 day moving average price is $17.77 and its two-hundred day moving average price is $17.98. Mattel, Inc. has a twelve month low of $13.94 and a twelve month high of $22.07.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, research analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.