BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires New Holdings in Mattel, Inc. $MAT

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Mattel, Inc. (NASDAQ:MAT) during the second quarter, HoldingsChannel reports. The fund acquired 3,177 shares of the company’s stock, valued at approximately $63,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in Mattel by 189.9% during the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock valued at $32,000 after purchasing an additional 1,054 shares during the period. IFP Advisors Inc raised its position in Mattel by 90.6% in the second quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock worth $44,000 after acquiring an additional 1,053 shares during the period. Atlas Capital Advisors Inc. bought a new position in Mattel in the first quarter worth approximately $59,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Mattel by 74.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock worth $67,000 after acquiring an additional 1,468 shares during the period. Finally, Covestor Ltd raised its position in Mattel by 348.0% in the first quarter. Covestor Ltd now owns 4,525 shares of the company’s stock worth $88,000 after acquiring an additional 3,515 shares during the period. Institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

MAT has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mattel in a research report on Wednesday, October 8th. Cfra Research downgraded shares of Mattel from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Roth Capital set a $20.00 price target on shares of Mattel and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Finally, DA Davidson decreased their price target on shares of Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mattel has an average rating of “Hold” and a consensus price target of $22.57.

Mattel Stock Performance

Shares of NASDAQ MAT opened at $19.06 on Thursday. The firm has a fifty day moving average price of $17.99 and a 200-day moving average price of $18.28. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.18. The stock has a market cap of $5.92 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.76. Mattel, Inc. has a 1 year low of $13.94 and a 1 year high of $22.07.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Mattel had a return on equity of 20.60% and a net margin of 8.27%.The business’s revenue for the quarter was down 5.9% on a year-over-year basis. 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. Equities analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal 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.