Prospera Financial Services Inc Buys 31,078 Shares of Mattel, Inc. $MAT

Prospera Financial Services Inc increased its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 138.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,506 shares of the company’s stock after buying an additional 31,078 shares during the quarter. Prospera Financial Services Inc’s holdings in Mattel were worth $1,055,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Parallel Advisors LLC grew its position in Mattel by 189.9% in the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock valued at $32,000 after acquiring an additional 1,054 shares during the period. IFP Advisors Inc boosted its stake in shares of Mattel by 90.6% in the 2nd quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock valued at $44,000 after purchasing an additional 1,053 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of Mattel by 409.1% in the 2nd quarter. True Wealth Design LLC now owns 2,846 shares of the company’s stock worth $56,000 after purchasing an additional 2,287 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Mattel in the 1st quarter worth about $59,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Mattel during the 2nd quarter worth about $63,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MAT shares. JPMorgan Chase & Co. reduced their price target on shares of Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Cfra Research cut shares of Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Seaport Res Ptn raised Mattel to a “hold” rating in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mattel in a report on Wednesday, October 8th. Finally, Roth Capital set a $20.00 price objective on Mattel and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.57.

Mattel Stock Performance

Shares of Mattel stock opened at $19.60 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.18. The firm has a 50 day simple moving average of $18.07 and a 200 day simple moving average of $18.41. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.07. The firm has a market cap of $6.09 billion, a P/E ratio of 14.63, a P/E/G ratio of 2.21 and a beta of 0.76.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.16). The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.86 billion. Mattel had a return on equity of 20.60% and a net margin of 8.27%.The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Sell-side analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Mattel Profile

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.