373,028 Shares in Mattel, Inc. $MAT Acquired by Legal & General Group Plc

Legal & General Group Plc bought a new stake in Mattel, Inc. (NASDAQ:MAT) during the second quarter, HoldingsChannel reports. The institutional investor bought 373,028 shares of the company’s stock, valued at approximately $5,178,000.

A number of other large investors also recently added to or reduced their stakes in MAT. SJS Investment Consulting Inc. boosted its position in shares of Mattel by 2,959.6% during the first quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock worth $25,000 after buying an additional 1,687 shares during the period. Quarry LP purchased a new stake in shares of Mattel in the 3rd quarter valued at $28,000. Los Angeles Capital Management LLC acquired a new position in Mattel during the 4th quarter worth about $31,000. Atlas Capital Advisors Inc. acquired a new position in Mattel during the 4th quarter worth about $36,000. Finally, Global Retirement Partners LLC purchased a new position in Mattel during the 2nd quarter valued at about $38,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mattel

In related news, EVP Roberto Isaias sold 39,083 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $15.02, for a total value of $587,026.66. Following the sale, the executive vice president owned 144,390 shares of the company’s stock, valued at $2,168,737.80. This trade represents a 21.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Mattel Trading Down 2.3%

MAT opened at $14.30 on Friday. The business has a fifty day moving average price of $14.40 and a 200 day moving average price of $14.86. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 1.26. Mattel, Inc. has a 12 month low of $12.73 and a 12 month high of $22.48. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 1.60 and a beta of 0.72.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. Mattel had a net margin of 7.79% and a return on equity of 16.20%. Mattel’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts expect that Mattel, Inc. will post 1.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Odeon Capital Group initiated coverage on shares of Mattel in a research note on Thursday, July 16th. They set a “buy” rating on the stock. The Goldman Sachs Group lowered shares of Mattel from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $15.00 to $12.00 in a research note on Thursday, July 9th. Argus restated a “buy” rating and issued a $22.00 price objective on shares of Mattel in a report on Tuesday, August 25th. Weiss Ratings downgraded shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, Roth Capital reduced their target price 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.80.

About Mattel

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.