TD Private Client Wealth LLC Purchases 1,374 Shares of Mattel, Inc. $MAT

TD Private Client Wealth LLC boosted its stake in Mattel, Inc. (NASDAQ:MAT) by 26.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,532 shares of the company’s stock after purchasing an additional 1,374 shares during the quarter. TD Private Client Wealth LLC’s holdings in Mattel were worth $129,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MAT. Cetera Investment Advisers bought a new stake in Mattel in the fourth quarter worth about $212,000. Two Sigma Investments LP raised its position in shares of Mattel by 34.7% during the 4th quarter. Two Sigma Investments LP now owns 83,834 shares of the company’s stock valued at $1,486,000 after buying an additional 21,583 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Mattel during the 4th quarter valued at $313,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Mattel during the 4th quarter valued at $3,966,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Mattel in the 4th quarter worth $459,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MAT. Roth Capital set a $22.00 target price on shares of Mattel and gave the company a “neutral” rating in a research note on Friday, July 11th. Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Citigroup upped their target price on shares of Mattel from $22.00 to $24.00 and gave the company a “buy” rating in a report on Monday, June 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Mattel from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Mattel has a consensus rating of “Moderate Buy” and an average price target of $24.38.

Mattel Trading Up 0.4%

NASDAQ:MAT opened at $16.96 on Tuesday. The company has a market capitalization of $5.46 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 2.14 and a beta of 0.66. 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, Inc. has a 52-week low of $13.94 and a 52-week high of $22.07. The stock has a fifty day simple moving average of $17.77 and a 200-day simple moving average of $18.13.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share (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 the consensus estimate of $1.09 billion. Mattel had a return on equity of 25.19% and a net margin of 9.87%.The business’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, equities research analysts expect 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.