Thompson Siegel & Walmsley LLC Sells 247,506 Shares of Mattel, Inc. $MAT

Thompson Siegel & Walmsley LLC trimmed its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 46.2% in the fourth quarter, HoldingsChannel reports. The firm owned 287,800 shares of the company’s stock after selling 247,506 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Mattel were worth $5,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. EdgePoint Investment Group Inc. boosted its position in Mattel by 9.4% during the third quarter. EdgePoint Investment Group Inc. now owns 44,662,760 shares of the company’s stock worth $751,674,000 after purchasing an additional 3,839,176 shares during the period. Dimensional Fund Advisors LP raised its stake in Mattel by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 9,517,597 shares of the company’s stock valued at $160,184,000 after purchasing an additional 401,469 shares in the last quarter. LSV Asset Management lifted its position in Mattel by 1.8% during the fourth quarter. LSV Asset Management now owns 6,126,432 shares of the company’s stock worth $121,548,000 after purchasing an additional 108,622 shares during the period. Goldman Sachs Group Inc. lifted its position in Mattel by 50.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock worth $80,709,000 after purchasing an additional 1,393,000 shares during the period. Finally, Invesco Ltd. raised its stake in Mattel by 11.4% during the third quarter. Invesco Ltd. now owns 3,112,189 shares of the company’s stock worth $52,378,000 after acquiring an additional 318,971 shares in the last quarter. 97.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Morgan Stanley set a $18.00 price objective on Mattel in a research note on Wednesday, February 11th. Weiss Ratings downgraded Mattel from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, March 4th. Citigroup downgraded Mattel from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $16.00 in a research note on Wednesday, February 11th. Jefferies Financial Group reiterated a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. Finally, UBS Group reiterated a “buy” rating and issued a $28.00 target price on shares of Mattel in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Mattel presently has an average rating of “Hold” and an average target price of $18.22.

Mattel Price Performance

Shares of MAT opened at $14.86 on Tuesday. Mattel, Inc. has a 12-month low of $14.10 and a 12-month high of $22.48. The business’s fifty day moving average is $14.82 and its 200 day moving average is $17.74. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11. The stock has a market cap of $4.32 billion, a P/E ratio of 9.41, a P/E/G ratio of 1.34 and a beta of 0.74.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the business earned ($0.03) EPS. Mattel’s quarterly revenue was up 4.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts anticipate that Mattel, Inc. will post 1.31 earnings per share for the current fiscal 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.