Kestra Investment Management LLC Purchases 10,572 Shares of Mattel, Inc. (NASDAQ:MAT)

Kestra Investment Management LLC grew its position in Mattel, Inc. (NASDAQ:MAT) by 51.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,164 shares of the company’s stock after acquiring an additional 10,572 shares during the quarter. Kestra Investment Management LLC’s holdings in Mattel were worth $594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Barington Capital Group L.P. increased its stake in Mattel by 25.3% during the second quarter. Barington Capital Group L.P. now owns 595,000 shares of the company’s stock worth $9,675,000 after acquiring an additional 120,000 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Mattel during the 2nd quarter valued at approximately $312,000. Charles Schwab Investment Management Inc. increased its position in shares of Mattel by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock valued at $81,222,000 after purchasing an additional 114,305 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Mattel by 101.0% in the third quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock worth $3,208,000 after buying an additional 84,626 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Mattel by 92.5% in the second quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock worth $39,947,000 after buying an additional 1,180,301 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group increased their target price on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. Bank of America raised their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Morgan Stanley raised their price target on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Mattel currently has an average rating of “Hold” and an average target price of $23.75.

Mattel Price Performance

MAT opened at $19.02 on Monday. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.98 and a beta of 0.78. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $20.59. The business’s fifty day simple moving average is $19.04 and its 200-day simple moving average is $18.39.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the business earned $1.08 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

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.