Legal & General Group Plc Sells 145,178 Shares of Mattel, Inc. $MAT

Legal & General Group Plc reduced its position in Mattel, Inc. (NASDAQ:MAT) by 22.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 494,468 shares of the company’s stock after selling 145,178 shares during the period. Legal & General Group Plc’s holdings in Mattel were worth $9,810,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MAT. Cornerstone Planning Group LLC boosted its position in shares of Mattel by 537.7% in the third quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock worth $25,000 after purchasing an additional 1,140 shares during the period. Quarry LP purchased a new position in shares of Mattel in the third quarter valued at $28,000. Farther Finance Advisors LLC grew its holdings in shares of Mattel by 107.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after purchasing an additional 1,048 shares in the last quarter. Danske Bank A S purchased a new position in shares of Mattel in the third quarter valued at $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Mattel by 74.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock valued at $67,000 after purchasing an additional 1,468 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on MAT shares. Wall Street Zen lowered shares of Mattel from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Morgan Stanley set a $18.00 target price on Mattel in a research report on Wednesday, February 11th. Argus upgraded Mattel to a “strong-buy” rating in a report on Friday, March 13th. Weiss Ratings downgraded Mattel from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.22.

Mattel Price Performance

Shares of MAT stock opened at $14.20 on Friday. Mattel, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $22.48. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.29 and a beta of 0.72. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.50 and a current ratio of 2.06. The stock’s 50-day simple moving average is $14.78 and its 200-day simple moving average is $17.63.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. The firm had revenue of $862.17 million for the quarter, compared to analyst estimates of $808.38 million. Mattel had a return on equity of 18.67% and a net margin of 9.27%.Mattel’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, equities analysts forecast that Mattel, Inc. will post 1.31 earnings per share for the current fiscal year.

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.