King Luther Capital Management Corp Acquires 319,790 Shares of Mattel, Inc. $MAT

King Luther Capital Management Corp lifted its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 511.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 382,290 shares of the company’s stock after acquiring an additional 319,790 shares during the quarter. King Luther Capital Management Corp’s holdings in Mattel were worth $7,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MAT. AlphaQuest LLC grew its position in shares of Mattel by 13.0% in the first quarter. AlphaQuest LLC now owns 4,782 shares of the company’s stock valued at $93,000 after purchasing an additional 551 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Mattel by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 94,400 shares of the company’s stock valued at $1,834,000 after acquiring an additional 900 shares in the last quarter. State of Michigan Retirement System increased its holdings in Mattel by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 80,633 shares of the company’s stock worth $1,567,000 after acquiring an additional 900 shares during the period. IFP Advisors Inc boosted its holdings in Mattel by 90.6% in the 2nd quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock valued at $44,000 after purchasing an additional 1,053 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of Mattel by 189.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock valued at $32,000 after purchasing an additional 1,054 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Cfra Research lowered shares of Mattel from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. DA Davidson lowered their price objective on shares of Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Roth Capital set a $20.00 target price on Mattel and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mattel in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Mattel currently has a consensus rating of “Hold” and a consensus target price of $22.57.

Mattel Stock Performance

Mattel stock opened at $18.73 on Monday. The company has a market capitalization of $5.82 billion, a PE ratio of 13.98, a P/E/G ratio of 2.21 and a beta of 0.76. The firm has a fifty day simple moving average of $18.00 and a two-hundred day simple moving average of $18.35. The company has a quick ratio of 1.18, a current ratio of 1.60 and a debt-to-equity ratio of 0.77. Mattel, Inc. has a twelve month low of $13.94 and a twelve month high of $22.07.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, October 21st. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). Mattel had a net margin of 8.27% and a return on equity of 20.60%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm posted $1.14 EPS. 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. Research analysts expect 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.