Fox Run Management L.L.C. Lowers Stock Holdings in Mattel, Inc. $MAT

Fox Run Management L.L.C. lowered its position in shares of Mattel, Inc. (NASDAQ:MAT) by 57.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,050 shares of the company’s stock after selling 51,458 shares during the period. Fox Run Management L.L.C.’s holdings in Mattel were worth $750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAT. Dimensional Fund Advisors LP boosted its holdings in Mattel by 21.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company’s stock valued at $157,179,000 after purchasing an additional 1,416,542 shares during the period. AQR Capital Management LLC raised its position in shares of Mattel by 386.2% in the first quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company’s stock worth $139,218,000 after buying an additional 5,767,170 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Mattel by 247.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company’s stock valued at $129,240,000 after buying an additional 4,737,199 shares during the period. LSV Asset Management grew its position in Mattel by 14.1% during the first quarter. LSV Asset Management now owns 4,673,142 shares of the company’s stock worth $90,799,000 after buying an additional 578,677 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Mattel by 50.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock worth $80,709,000 after acquiring an additional 1,393,000 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

MAT has been the subject of a number of research analyst reports. Cfra Research downgraded Mattel from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. 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 report on Wednesday, October 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Mattel in a research note on Wednesday, October 8th. Finally, Roth Capital set a $20.00 price target on Mattel and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mattel has an average rating of “Hold” and an average price target of $22.57.

Mattel Trading Up 0.3%

Shares of MAT stock opened at $18.73 on Monday. 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 business has a 50-day moving average of $18.00 and a 200 day moving average of $18.35. The stock has a market capitalization of $5.82 billion, a PE ratio of 13.98, a P/E/G 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 released its quarterly earnings data on Tuesday, October 21st. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). Mattel had a net margin of 8.27% and a return on equity of 20.60%. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the company posted $1.14 EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, sell-side analysts anticipate that Mattel, Inc. will post 1.7 earnings per share 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.