Louisiana State Employees Retirement System Takes Position in Mattel, Inc. $MAT

Louisiana State Employees Retirement System purchased a new position in shares of Mattel, Inc. (NASDAQ:MAT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 90,100 shares of the company’s stock, valued at approximately $1,309,000.

A number of other large investors also recently bought and sold shares of MAT. EdgePoint Investment Group Inc. increased its stake in Mattel by 9.4% in 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. Alyeska Investment Group L.P. lifted its position in shares of Mattel by 274.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 3,445,360 shares of the company’s stock worth $68,356,000 after purchasing an additional 2,524,123 shares during the last quarter. Norges Bank purchased a new stake in shares of Mattel during the fourth quarter valued at $49,182,000. Serenity Capital Management PTE. LTD. purchased a new stake in shares of Mattel during the fourth quarter valued at $47,331,000. Finally, Simcoe Capital Management LLC bought a new position in shares of Mattel in the third quarter worth about $39,044,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Argus raised shares of Mattel to a “strong-buy” rating in a research report on Friday, March 13th. Finally, The Goldman Sachs Group decreased their price target on shares of Mattel from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, June 26th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.89.

Mattel Stock Performance

Shares of Mattel stock opened at $13.34 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 stock’s fifty day moving average price is $14.52 and its 200-day moving average price is $16.72. The firm has a market cap of $3.88 billion, a P/E ratio of 8.44, a P/E/G ratio of 1.17 and a beta of 0.74. Mattel, Inc. has a 12 month low of $13.17 and a 12 month high of $22.48.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.04. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The company had revenue of $862.17 million during the quarter, compared to analyst estimates of $808.38 million. During the same period in the prior year, the firm earned ($0.03) earnings per share. The firm’s revenue for the quarter 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 expect that Mattel, Inc. will post 1.34 earnings per share for the current fiscal year.

Mattel 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.