Brighton Jones LLC Purchases 20,235 Shares of Mattel, Inc. $MAT

Brighton Jones LLC lifted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 156.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,207 shares of the company’s stock after purchasing an additional 20,235 shares during the quarter. Brighton Jones LLC’s holdings in Mattel were worth $655,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position 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 in the last quarter. IFP Advisors Inc raised its holdings in shares of Mattel by 90.6% during the second quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock worth $44,000 after acquiring an additional 1,053 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of Mattel during the first quarter worth $59,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 acquiring an additional 1,468 shares during the period. Finally, Covestor Ltd raised 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 acquiring an additional 3,515 shares during the period. 97.15% of the stock is owned by institutional investors.

Mattel Stock Up 1.0%

Shares of MAT stock opened at $19.23 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 1.18 and a debt-to-equity ratio of 0.77. Mattel, Inc. has a 1 year low of $13.94 and a 1 year high of $22.07. The firm’s fifty day moving average price is $17.93 and its two-hundred day moving average price is $18.12. The firm has a market capitalization of $6.20 billion, a P/E ratio of 14.35, a PEG ratio of 2.43 and a beta of 0.68.

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 the consensus estimate of $1.05 by ($0.16). Mattel had a net margin of 8.27% and a return on equity of 20.60%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, equities analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.