VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.27 Million in Mattel, Inc. $MAT

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Mattel, Inc. (NASDAQ:MAT) during the second quarter, Holdings Channel reports. The institutional investor bought 64,500 shares of the company’s stock, valued at approximately $1,272,000.

A number of other institutional investors also recently modified their holdings of MAT. GAMMA Investing LLC raised its holdings in Mattel by 42.8% during the first quarter. GAMMA Investing LLC now owns 5,058 shares of the company’s stock worth $98,000 after buying an additional 1,517 shares during the last quarter. SG Americas Securities LLC acquired a new position in Mattel during the first quarter worth $362,000. Wealth Enhancement Advisory Services LLC raised its holdings in Mattel by 195.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 76,586 shares of the company’s stock worth $1,488,000 after buying an additional 50,700 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Mattel by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 39,479 shares of the company’s stock worth $767,000 after acquiring an additional 1,070 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Mattel in the 1st quarter worth $375,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

MAT has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Mattel from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. JPMorgan Chase & Co. upped their target price on shares of Mattel from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. DA Davidson reduced their target price on shares of Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Mattel in a research note on Wednesday, October 8th. Finally, Roth Capital set a $20.00 target price on shares of Mattel and gave the stock a “neutral” rating in a research note on Wednesday. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Mattel presently has an average rating of “Moderate Buy” and an average target price of $23.50.

Mattel Price Performance

MAT opened at $18.30 on Thursday. The firm has a market cap of $5.90 billion, a P/E ratio of 13.66, a PEG ratio of 2.39 and a beta of 0.68. The firm has a 50-day moving average of $17.86 and a 200 day moving average of $17.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.12 and a current ratio of 1.62. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.07.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, October 21st. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.16). The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Mattel had a net margin of 8.27% and a return on equity of 20.77%. Mattel’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the company earned $1.14 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, research analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

Mattel Company Profile

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.