Mattel, Inc. $MAT Holdings Decreased by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc reduced its position in shares of Mattel, Inc. (NASDAQ:MAT) by 78.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,000 shares of the company’s stock after selling 190,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Mattel were worth $756,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Praxis Investment Management Inc. bought a new position in shares of Mattel in the 1st quarter worth about $198,000. Y Intercept Hong Kong Ltd grew its position in shares of Mattel by 326.2% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 186,638 shares of the company’s stock valued at $2,712,000 after buying an additional 142,845 shares during the last quarter. Leonteq Securities AG raised its stake in Mattel by 63.5% during the first quarter. Leonteq Securities AG now owns 9,604 shares of the company’s stock worth $140,000 after acquiring an additional 3,731 shares during the period. SJS Investment Consulting Inc. raised its stake in 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 acquiring an additional 1,687 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in Mattel by 10.7% in the first quarter. Pictet Asset Management Holding SA now owns 51,514 shares of the company’s stock worth $748,000 after acquiring an additional 4,992 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MAT shares. Zacks Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. Wells Fargo & Company reduced their price objective on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Argus upgraded Mattel to a “strong-buy” rating in a research note on Friday, March 13th. Finally, Wall Street Zen downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.89.

Mattel Stock Performance

Shares of NASDAQ MAT opened at $13.34 on Friday. Mattel, Inc. has a 12-month low of $13.17 and a 12-month high of $22.48. The company has a market cap of $3.88 billion, a PE ratio of 8.44, a P/E/G ratio of 1.17 and a beta of 0.74. The stock has a 50 day simple moving average of $14.52 and a 200-day simple moving average of $16.72. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11.

Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, beating 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 firm had revenue of $862.17 million for the quarter, compared to analysts’ expectations of $808.38 million. During the same period last year, the firm earned ($0.03) EPS. The firm’s 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. On average, equities research analysts forecast that Mattel, Inc. will post 1.34 EPS for the current year.

Mattel Company Profile

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.