Wealth Enhancement Advisory Services LLC Buys 50,700 Shares of Mattel, Inc. (NASDAQ:MAT)

Wealth Enhancement Advisory Services LLC raised its stake in Mattel, Inc. (NASDAQ:MAT) by 195.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,586 shares of the company’s stock after acquiring an additional 50,700 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Mattel were worth $1,488,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Xponance Inc. raised its stake in shares of Mattel by 1.6% in the fourth quarter. Xponance Inc. now owns 46,262 shares of the company’s stock valued at $820,000 after acquiring an additional 739 shares during the last quarter. Yousif Capital Management LLC grew its position in Mattel by 0.7% during the 1st quarter. Yousif Capital Management LLC now owns 119,902 shares of the company’s stock worth $2,330,000 after acquiring an additional 884 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Mattel by 150.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after purchasing an additional 926 shares in the last quarter. Treasurer of the State of North Carolina raised its position in Mattel by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 148,795 shares of the company’s stock valued at $2,638,000 after purchasing an additional 930 shares during the last quarter. Finally, LPL Financial LLC raised its position in Mattel by 3.9% in the 4th quarter. LPL Financial LLC now owns 24,986 shares of the company’s stock valued at $443,000 after purchasing an additional 935 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors.

Mattel Price Performance

Shares of MAT stock opened at $19.72 on Tuesday. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.03 and a beta of 0.66. Mattel, Inc. has a 12 month low of $13.95 and a 12 month high of $22.07. The company has a quick ratio of 1.86, a current ratio of 2.43 and a debt-to-equity ratio of 1.10. The stock has a 50-day moving average price of $18.38 and a 200 day moving average price of $18.67.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.08. The company had revenue of $826.60 million during the quarter, compared to analysts’ expectations of $791.49 million. Mattel had a net margin of 9.82% and a return on equity of 25.80%. Mattel’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) EPS. Research analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen lowered Mattel from a “buy” rating to a “hold” rating in a research note on Friday. Morgan Stanley increased their price objective on shares of Mattel from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. DA Davidson restated a “buy” rating and issued a $30.00 price objective on shares of Mattel in a research report on Thursday, May 15th. The Goldman Sachs Group dropped their target price on shares of Mattel from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Finally, Citigroup upped their target price on shares of Mattel from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.43.

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.