Mattel (MAT)

• Market cap: $6.02B
• 1 day: 0.28%
• 5 days: -5.15%
• 1 month: -2.67%
• 3 months: -7.12%
• 6 months: 4.38%
• Year to date: -4.85%
• 1 year: -4.85%
• 5 years: 33.18%
• 10 years: -39.58%
• Sector: Consumer Discretionary
• Industry: Dolls & Stuffed Toys

About: Mattel manufactures and markets toy products that are sold to its wholesale customers and direct to retail consumers. The company offers products for children and families, including toys for infants and preschoolers, girls and boys, youth electronics, hand-held and other games, puzzles, educational toys, media-driven products, and plush and fashion-related toys. Mattel's owned portfolio includes Barbie, Hot Wheels, Fisher-Price, Thomas & Friends, and American Girl. In addition, it currently manufactures toy products for its segments both internally and externally (through manufacturing partners). More than 50% of its net sales are generated from North America, with the remainder stemming from international markets.

Employees: 33,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

198% more call options, than puts

Call options by funds: $37M | Put options by funds: $12.4M

40% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 7 (+2) [Q3]

10% more capital invested

Capital invested by funds: $5.51B [Q2] → $6.08B (+$572M) [Q3]

3% less funds holding

Funds holding: 386 [Q2] → 373 (-13) [Q3]

5.71% less ownership

Funds ownership: 98.56% [Q2] → 92.85% (-5.71%) [Q3]

22% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 58

28% less repeat investments, than reductions

Existing positions increased: 102 | Existing positions reduced: 142

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $20 12% upside
• Avg. target: $24 34% upside
• High target: $28 57% upside

5 analyst ratings

• positive: 2 40%
• neutral: 3 60%
• negative: 0 0%

Morgan Stanley Megan Alexander 45% 1-year accuracy 5 / 11 met price target	23% upside $22	Equal-Weight Maintained	24 Oct 2024
B of A Securities Alexander Perry 25% 1-year accuracy 2 / 8 met price target	57% upside $28	Buy Maintained	24 Oct 2024
DA Davidson Linda Bolton Weiser 41% 1-year accuracy 42 / 102 met price target	51% upside $27	Buy Maintained	24 Oct 2024
JP Morgan Christopher Horvers 57% 1-year accuracy 17 / 30 met price target	29% upside $23	Neutral Maintained	21 Oct 2024
Jefferies Andrew Uerkwitz 89% 1-year accuracy 8 / 9 met price target	12% upside $20	Hold Maintained	1 Oct 2024