King Luther Capital Management Corp Invests $1.21 Million in Mattel, Inc. (NASDAQ:MAT)

Key Points

• King Luther Capital Management Corp made a new investment of approximately $1.21 million in Mattel, acquiring 62,500 shares during the first quarter.
• Several other institutional investors, including Wells Fargo & Company and LPL Financial, have increased their holdings in Mattel, contributing to a total of 97.15% institutional ownership of the stock.
• Analysts have set a consensus price target of $24.38 for Mattel, with ratings ranging from "buy" to "neutral" from various research firms.

King Luther Capital Management Corp purchased a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 62,500 shares of the company's stock, valued at approximately $1,214,000.

Other institutional investors have also recently modified their holdings of the company. Yousif Capital Management LLC boosted its position in Mattel by 0.7% during the first 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 boosted its position in Mattel by 7.4% during 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 in the last quarter. State of Michigan Retirement System boosted its position 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 purchasing an additional 900 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Mattel by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 94,400 shares of the company's stock worth $1,834,000 after acquiring an additional 900 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Mattel by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 148,795 shares of the company's stock worth $2,638,000 after acquiring an additional 930 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Trading Down 0.5%

MAT stock traded down $0.10 during trading on Friday, reaching $18.18. 2,710,111 shares of the stock traded hands, compared to its average volume of 5,590,747. The business's 50 day moving average price is $18.87 and its 200-day moving average price is $18.80. Mattel, Inc. has a 52-week low of $13.94 and a 52-week high of $22.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 1.12. The firm has a market capitalization of $5.86 billion, a PE ratio of 11.73, a P/E/G ratio of 2.23 and a beta of 0.62.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. Mattel had a return on equity of 25.19% and a net margin of 9.87%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $0.19 earnings per share. The firm's quarterly revenue was down 5.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Roth Capital set a $22.00 price target on Mattel and gave the stock a "neutral" rating in a report on Friday, July 11th. The Goldman Sachs Group cut their price target on Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Citigroup boosted their price target on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Finally, Morgan Stanley boosted their price target on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Four 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.38.

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.