Pure Financial Advisors LLC Invests $380,000 in Mattel, Inc. $MAT

Pure Financial Advisors LLC purchased a new position in shares of Mattel, Inc. (NASDAQ:MAT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,266 shares of the company’s stock, valued at approximately $380,000.

A number of other hedge funds also recently bought and sold shares of the business. HS Management Partners LLC boosted its position in Mattel by 4.5% during the second quarter. HS Management Partners LLC now owns 2,358,525 shares of the company’s stock worth $46,510,000 after purchasing an additional 101,225 shares in the last quarter. TD Private Client Wealth LLC boosted its position in Mattel by 26.6% during the second quarter. TD Private Client Wealth LLC now owns 6,532 shares of the company’s stock worth $129,000 after purchasing an additional 1,374 shares in the last quarter. GAMMA Investing LLC boosted its position in Mattel by 101.8% during the second quarter. GAMMA Investing LLC now owns 10,206 shares of the company’s stock worth $201,000 after purchasing an additional 5,148 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Mattel during the second quarter worth approximately $542,000. Finally, Krilogy Financial LLC boosted its position in Mattel by 58.5% during the second quarter. Krilogy Financial LLC now owns 125,093 shares of the company’s stock worth $2,467,000 after purchasing an additional 46,172 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MAT. Weiss Ratings reiterated a “hold (c)” rating on shares of Mattel in a research report on Saturday, September 27th. Wall Street Zen cut Mattel from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Roth Capital set a $22.00 target price on Mattel and gave the company a “neutral” rating in a report on Friday, July 11th. JPMorgan Chase & Co. increased their target price on Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Citigroup increased their target price on Mattel from $22.00 to $24.00 and gave the company a “buy” rating in a report on Monday, June 16th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.38.

Mattel Trading Up 4.9%

MAT opened at $18.06 on Friday. Mattel, Inc. has a 52 week low of $13.94 and a 52 week high of $22.07. The business has a fifty day simple moving average of $17.67 and a 200-day simple moving average of $18.09. The firm has a market cap of $5.82 billion, a P/E ratio of 11.65, a P/E/G ratio of 2.18 and a beta of 0.68. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. Mattel had a return on equity of 25.19% and a net margin of 9.87%.The company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the business posted $0.19 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, equities analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current year.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.