Kestra Investment Management LLC Buys Shares of 20,592 Mattel, Inc. (NASDAQ:MAT)

Kestra Investment Management LLC purchased a new position in Mattel, Inc. (NASDAQ:MAT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 20,592 shares of the company’s stock, valued at approximately $335,000.

Other hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. grew its stake in shares of Mattel by 20,152.4% in the second quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after acquiring an additional 10,940,943 shares during the period. LSV Asset Management purchased a new stake in Mattel in the second quarter worth approximately $32,559,000. Dimensional Fund Advisors LP grew its position in Mattel by 34.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after purchasing an additional 1,479,227 shares during the period. Capital International Investors raised its stake in Mattel by 7.4% during the 4th quarter. Capital International Investors now owns 18,386,007 shares of the company’s stock valued at $347,128,000 after buying an additional 1,272,018 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Mattel by 92.5% during the 2nd quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock valued at $39,947,000 after buying an additional 1,180,301 shares during the period. 97.15% of the stock is owned by institutional investors.

Mattel Price Performance

Shares of Mattel stock opened at $19.05 on Tuesday. The stock’s fifty day moving average is $18.98 and its 200 day moving average is $18.35. Mattel, Inc. has a one year low of $15.87 and a one year high of $21.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58. The stock has a market cap of $6.56 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.25 and a beta of 0.80.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. Sell-side analysts anticipate that Mattel, Inc. will post 1.43 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MAT. DA Davidson restated a “buy” rating and issued a $27.00 price target on shares of Mattel in a research note on Monday, July 22nd. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.63.

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.