Lotus Technology Management LP Takes $623,000 Position in Mattel, Inc. $MAT

Lotus Technology Management LP acquired a new position in shares of Mattel, Inc. (NASDAQ:MAT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,894 shares of the company’s stock, valued at approximately $623,000.

A number of other hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in Mattel by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company’s stock valued at $1,688,000 after acquiring an additional 623 shares during the last quarter. Sei Investments Co. grew its holdings in Mattel by 1.7% during the 2nd quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock worth $902,000 after acquiring an additional 758 shares during the period. Quinn Opportunity Partners LLC raised its position in shares of Mattel by 4.5% in the 4th quarter. Quinn Opportunity Partners LLC now owns 18,070 shares of the company’s stock worth $359,000 after acquiring an additional 774 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Mattel by 6.7% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,397 shares of the company’s stock worth $276,000 after acquiring an additional 1,025 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Mattel by 107.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock worth $40,000 after acquiring an additional 1,048 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on MAT shares. The Goldman Sachs Group lowered Mattel from a “neutral” rating to a “sell” rating and cut their target price for the company from $15.00 to $12.00 in a research report on Thursday, July 9th. Citigroup lowered their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, July 10th. Argus reissued a “buy” rating and issued a $22.00 price target on shares of Mattel in a research note on Tuesday. Wall Street Zen cut Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Roth Capital reduced their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.80.

Mattel Stock Up 3.0%

MAT stock opened at $15.26 on Wednesday. The stock’s 50 day simple moving average is $14.27 and its 200 day simple moving average is $15.07. Mattel, Inc. has a fifty-two week low of $12.73 and a fifty-two week high of $22.48. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.26 and a current ratio of 1.90. The company has a market cap of $4.36 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 1.43 and a beta of 0.72.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. Mattel had a net margin of 7.79% and a return on equity of 16.20%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the business posted $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, research analysts expect that Mattel, Inc. will post 1.32 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.