Jackson Creek Investment Advisors LLC Purchases New Shares in Mattel, Inc. (NASDAQ:MAT)

Jackson Creek Investment Advisors LLC acquired a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,027 shares of the company's stock, valued at approximately $292,000.

Several other large investors have also recently added to or reduced their stakes in the company. Xponance Inc. boosted its stake in shares of Mattel by 1.6% in the fourth quarter. Xponance Inc. now owns 46,262 shares of the company's stock valued at $820,000 after buying an additional 739 shares during the period. Yousif Capital Management LLC grew its holdings in shares of Mattel by 0.7% during the 1st quarter. Yousif Capital Management LLC now owns 119,902 shares of the company's stock worth $2,330,000 after purchasing an additional 884 shares in the last quarter. Brighton Jones LLC increased its position in shares of Mattel by 7.4% in the first quarter. Brighton Jones LLC now owns 12,972 shares of the company's stock worth $252,000 after purchasing an additional 890 shares during the period. State of Michigan Retirement System grew its stake in Mattel by 1.1% during the first quarter. State of Michigan Retirement System now owns 80,633 shares of the company's stock worth $1,567,000 after buying an additional 900 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Mattel by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 94,400 shares of the company's stock valued at $1,834,000 after buying an additional 900 shares during the period. Institutional investors own 97.15% of the company's stock.

Mattel Price Performance

Shares of Mattel stock opened at $19.38 on Friday. The business's 50-day moving average price is $19.46 and its 200-day moving average price is $18.85. The firm has a market capitalization of $6.26 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 2.02 and a beta of 0.66. Mattel, Inc. has a 12 month low of $13.95 and a 12 month high of $22.07. The company has a current ratio of 2.43, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10.

Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.08. Mattel had a net margin of 9.82% and a return on equity of 25.80%. The company had revenue of $826.60 million for the quarter, compared to analysts' expectations of $791.49 million. During the same quarter last year, the company earned ($0.05) EPS. The firm's revenue was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MAT. Citigroup upped their price objective on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. The Goldman Sachs Group reduced their price target on shares of Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Morgan Stanley lifted their price target on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Roth Capital set a $22.00 price objective on shares of Mattel and gave the company a "neutral" rating in a research note on Friday, July 11th. Finally, Wall Street Zen downgraded Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Mattel presently has a consensus rating of "Moderate Buy" and an average target price of $24.13.

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.

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