IFP Advisors Inc Purchases 1,053 Shares of Mattel, Inc. $MAT

IFP Advisors Inc raised its position in Mattel, Inc. (NASDAQ:MAT) by 90.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,215 shares of the company’s stock after acquiring an additional 1,053 shares during the quarter. IFP Advisors Inc’s holdings in Mattel were worth $44,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MAT. Trust Co. of Vermont boosted its holdings in shares of Mattel by 995.8% during the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock worth $26,000 after purchasing an additional 1,195 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Mattel by 189.9% during the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock worth $32,000 after purchasing an additional 1,054 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of Mattel during the first quarter worth about $59,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Mattel by 74.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock worth $67,000 after purchasing an additional 1,468 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Mattel by 348.0% during the first quarter. Covestor Ltd now owns 4,525 shares of the company’s stock worth $88,000 after purchasing an additional 3,515 shares during the period. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MAT has been the subject of a number of analyst reports. Roth Capital set a $22.00 target price on shares of Mattel and gave the stock a “neutral” rating in a report on Friday, July 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mattel in a report on Wednesday, October 8th. Wall Street Zen cut shares of Mattel from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Mattel from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.38.

Mattel Trading Up 2.4%

Shares of NASDAQ MAT opened at $18.82 on Wednesday. Mattel, Inc. has a 1 year low of $13.94 and a 1 year high of $22.07. The stock has a market cap of $6.06 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 2.33 and a beta of 0.68. The firm has a 50-day moving average of $17.86 and a 200 day moving average of $17.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 1.12.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). Mattel had a net margin of 9.87% and a return on equity of 25.19%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the business earned $1.14 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, sell-side analysts expect that Mattel, Inc. will post 1.7 EPS 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.