SummitTX Capital L.P. bought a new position in shares of Mattel, Inc. (NASDAQ:MAT – Free Report) in the first quarter, HoldingsChannel.com reports. The firm bought 106,402 shares of the company’s stock, valued at approximately $1,546,000.
Several other hedge funds and other institutional investors have also bought and sold shares of MAT. SJS Investment Consulting Inc. increased its holdings in shares of Mattel by 2,959.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock valued at $25,000 after acquiring an additional 1,687 shares during the period. Quarry LP bought a new position in shares of Mattel in the 3rd quarter worth $28,000. Los Angeles Capital Management LLC purchased a new stake in shares of Mattel during the 4th quarter worth $31,000. Atlas Capital Advisors Inc. bought a new stake in Mattel during the fourth quarter valued at about $36,000. Finally, Farther Finance Advisors LLC boosted its position in Mattel by 107.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after purchasing an additional 1,048 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have commented on MAT shares. Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Zacks Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Wells Fargo & Company lowered their price target on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mattel in a research note on Thursday, July 2nd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.33.
Mattel Stock Down 0.3%
Shares of MAT stock opened at $15.39 on Thursday. Mattel, Inc. has a 1-year low of $12.73 and a 1-year high of $22.48. The stock’s fifty day moving average price is $14.21 and its 200 day moving average price is $15.90. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74.
Mattel (NASDAQ:MAT – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. The company had revenue of $862.17 million during the quarter, compared to analysts’ expectations of $808.38 million. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business posted ($0.03) earnings per share. On average, research analysts expect that Mattel, Inc. will post 1.35 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.
See Also
- Five stocks we like better than Mattel
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Want to see what other hedge funds are holding MAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mattel, Inc. (NASDAQ:MAT – Free Report).
Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.
