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

Kestra Investment Management LLC raised its position in shares of Mattel, Inc. (NASDAQ:MAT) by 51.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,164 shares of the company’s stock after buying an additional 10,572 shares during the quarter. Kestra Investment Management LLC’s holdings in Mattel were worth $594,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MAT. Nisa Investment Advisors LLC lifted its position in Mattel by 2.8% during the third quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock valued at $491,000 after acquiring an additional 693 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Mattel by 38.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after purchasing an additional 775 shares in the last quarter. CWM LLC grew its stake in Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock worth $43,000 after buying an additional 1,097 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Mattel by 3.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock worth $752,000 after buying an additional 1,160 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Mattel by 143.2% during the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after buying an additional 1,220 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors.

Mattel Stock Up 1.4 %

NASDAQ:MAT opened at $19.02 on Monday. The firm has a market capitalization of $6.41 billion, a P/E ratio of 11.89, a PEG ratio of 0.98 and a beta of 0.78. The company’s fifty day moving average price is $19.04 and its 200-day moving average price is $18.39. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $20.59. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business posted $1.08 EPS. The company’s revenue was down 3.9% on a year-over-year basis. As a group, equities research analysts anticipate that Mattel, Inc. will post 1.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MAT shares. Bank of America boosted their price target on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley boosted their target price on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Jefferies Financial Group upped their price target 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. StockNews.com downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, DA Davidson reissued a “buy” rating and set a $27.00 price objective on shares of Mattel in a report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mattel currently has an average rating of “Hold” and an average price target of $23.75.

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.