Mattel, Inc. $MAT Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its position in Mattel, Inc. (NASDAQ:MAT) by 82.5% during the fourth quarter, Holdings Channel reports. The firm owned 22,979 shares of the company’s stock after selling 108,388 shares during the period. Crossmark Global Holdings Inc.’s holdings in Mattel were worth $456,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC raised its holdings in shares of Mattel by 537.7% during the third quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock valued at $25,000 after acquiring an additional 1,140 shares during the last quarter. Quarry LP acquired a new position in shares of Mattel during the third quarter valued at approximately $28,000. Farther Finance Advisors LLC raised its holdings in shares of Mattel by 107.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after acquiring an additional 1,048 shares during the last quarter. Danske Bank A S acquired a new position in shares of Mattel during the third quarter valued at approximately $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Mattel by 74.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock valued at $67,000 after acquiring an additional 1,468 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on MAT shares. Argus raised Mattel to a “strong-buy” rating in a report on Friday, March 13th. Wells Fargo & Company decreased their target price on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. UBS Group reiterated a “buy” rating and issued a $28.00 target price on shares of Mattel in a report on Thursday, March 5th. Jefferies Financial Group reiterated a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. Finally, Morgan Stanley set a $18.00 target price on Mattel in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Mattel has an average rating of “Hold” and an average target price of $18.22.

Mattel Stock Performance

NASDAQ MAT opened at $15.15 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11. The business’s 50 day moving average is $15.01 and its two-hundred day moving average is $18.05. Mattel, Inc. has a 12-month low of $14.10 and a 12-month high of $22.48. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.36 and a beta of 0.74.

Mattel (NASDAQ:MAT) last released its earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.04. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The company had revenue of $862.17 million for the quarter, compared to analysts’ expectations of $808.38 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Research analysts expect that Mattel, Inc. will post 1.31 EPS for the current year.

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.