Callan Family Office LLC Purchases New Shares in Mattel, Inc. $MAT

Callan Family Office LLC bought a new stake in Mattel, Inc. (NASDAQ:MAT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,926 shares of the company’s stock, valued at approximately $707,000.

Several other institutional investors have also recently made changes to their positions in MAT. BlackRock Inc. purchased a new stake in shares of Mattel in the second quarter worth approximately $363,273,000. EdgePoint Investment Group Inc. lifted its stake in shares of Mattel by 6.0% during the 4th quarter. EdgePoint Investment Group Inc. now owns 47,341,242 shares of the company’s stock worth $939,250,000 after acquiring an additional 2,678,482 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in Mattel by 274.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,445,360 shares of the company’s stock valued at $68,356,000 after acquiring an additional 2,524,123 shares during the period. Norges Bank purchased a new position in Mattel during the 4th quarter valued at $49,182,000. Finally, Serenity Capital Management PTE. LTD. bought a new position in Mattel in the 4th quarter valued at $47,331,000. Institutional investors own 97.15% of the company’s stock.

Mattel Trading Up 3.0%

NASDAQ MAT opened at $15.26 on Wednesday. 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 company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 1.43 and a beta of 0.72. The company’s 50-day simple moving average is $14.27 and its two-hundred day simple moving average is $15.07. Mattel, Inc. has a one year low of $12.73 and a one year high of $22.48.

Mattel (NASDAQ:MAT) last posted 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 net margin of 7.79% and a return on equity of 16.20%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm posted $0.19 EPS. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities analysts forecast that Mattel, Inc. will post 1.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MAT. Argus reiterated a “buy” rating and issued a $22.00 target price on shares of Mattel in a research note on Tuesday. Weiss Ratings lowered shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Roth Capital cut their price target on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Wells Fargo & Company decreased their price objective on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Mattel currently 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.