Denver PWM LLC Takes Position in Mattel, Inc. (NASDAQ:MAT)

Denver PWM LLC purchased a new position in shares of Mattel, Inc. (NASDAQ:MAT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,327 shares of the company’s stock, valued at approximately $70,000.

Several other large investors have also made changes to their positions in MAT. Natixis Advisors LLC boosted its holdings in shares of Mattel by 12.2% in the 2nd quarter. Natixis Advisors LLC now owns 20,208 shares of the company’s stock valued at $329,000 after purchasing an additional 2,192 shares in the last quarter. Fairhaven Wealth Management LLC boosted its stake in Mattel by 66.0% in the second quarter. Fairhaven Wealth Management LLC now owns 18,957 shares of the company’s stock valued at $308,000 after buying an additional 7,539 shares in the last quarter. Van ECK Associates Corp grew its position in Mattel by 16.7% in the second quarter. Van ECK Associates Corp now owns 257,680 shares of the company’s stock valued at $4,190,000 after acquiring an additional 36,835 shares during the last quarter. Spire Wealth Management acquired a new position in Mattel during the second quarter worth about $2,984,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Mattel in the second quarter worth about $1,829,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Down 0.3 %

Mattel stock opened at $18.66 on Friday. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 1.24 and a beta of 0.86. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $22.37. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58. The firm has a 50 day moving average price of $18.17 and a two-hundred day moving average price of $18.45.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company posted $0.10 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis. Equities analysts predict that Mattel, Inc. will post 1.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MAT. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. DA Davidson reissued a “buy” rating and set a $27.00 price target on shares of Mattel in a research note on Monday, July 22nd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Mattel has a consensus rating of “Moderate Buy” and an average price target of $22.63.

Mattel Company 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.