Pure Financial Advisors LLC Purchases Shares of 19,266 Mattel, Inc. $MAT

Pure Financial Advisors LLC purchased a new stake in Mattel, Inc. (NASDAQ:MAT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,266 shares of the company’s stock, valued at approximately $380,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MAT. AQR Capital Management LLC raised its stake in Mattel by 386.2% in the first quarter. AQR Capital Management LLC now owns 7,260,394 shares of the company’s stock valued at $139,218,000 after buying an additional 5,767,170 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Mattel by 247.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 6,651,568 shares of the company’s stock valued at $129,240,000 after buying an additional 4,737,199 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Mattel by 21.2% in the first quarter. Dimensional Fund Advisors LP now owns 8,089,837 shares of the company’s stock valued at $157,179,000 after buying an additional 1,416,542 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Mattel by 50.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock valued at $80,709,000 after buying an additional 1,393,000 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Mattel in the first quarter valued at $13,865,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MAT shares. JPMorgan Chase & Co. raised their price target on Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Citigroup lifted their target price on Mattel from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Roth Capital set a $22.00 target price on Mattel and gave the stock a “neutral” rating in a research report on Friday, July 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mattel in a research report on Saturday, September 27th. Finally, Wall Street Zen cut Mattel from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Mattel presently has an average rating of “Moderate Buy” and an average target price of $24.38.

Mattel Stock Performance

Shares of MAT stock opened at $18.06 on Friday. The stock has a market capitalization of $5.82 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 2.18 and a beta of 0.68. Mattel, Inc. has a 52-week low of $13.94 and a 52-week high of $22.07. The stock’s 50-day moving average price is $17.67 and its 200 day moving average price is $18.09. 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 (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Mattel had a return on equity of 25.19% and a net margin of 9.87%.The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 EPS. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. As a group, equities research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current year.

About Mattel

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.