Mattel, Inc. $MAT Shares Bought by Stratos Wealth Advisors LLC

Key Points

• Stratos Wealth Advisors LLC increased its holdings in Mattel by 36.0% during Q2, owning 111,645 shares worth approximately $2.2 million.
• Mattel's Q2 earnings report showed an EPS of $0.19, beating estimates slightly, but revenue fell 5.7% year-over-year.
• Wall Street analysts currently hold a consensus rating of "Moderate Buy" for Mattel, with a new price target set at $24.38.

Stratos Wealth Advisors LLC grew its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 36.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,645 shares of the company's stock after purchasing an additional 29,542 shares during the quarter. Stratos Wealth Advisors LLC's holdings in Mattel were worth $2,202,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Trust Co. of Vermont lifted its position in Mattel by 995.8% in the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock valued at $26,000 after acquiring an additional 1,195 shares during the last quarter. Parallel Advisors LLC lifted its position in Mattel by 189.9% in the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company's stock valued at $32,000 after acquiring an additional 1,054 shares during the last quarter. IFP Advisors Inc lifted its position in Mattel by 90.6% in the second quarter. IFP Advisors Inc now owns 2,215 shares of the company's stock valued at $44,000 after acquiring an additional 1,053 shares during the last quarter. Fifth Third Bancorp lifted its position in Mattel by 52.9% in the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock valued at $54,000 after acquiring an additional 962 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Mattel in the first quarter valued at about $59,000. Hedge funds and other institutional investors own 97.15% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mattel in a report on Wednesday, October 8th. Roth Capital set a $22.00 target price on shares of Mattel and gave the company a "neutral" rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.38.

Mattel Trading Up 1.7%

NASDAQ MAT opened at $18.41 on Friday. The stock has a market capitalization of $5.93 billion, a P/E ratio of 11.88, a P/E/G ratio of 2.29 and a beta of 0.68. Mattel, Inc. has a 52-week low of $13.94 and a 52-week high of $22.07. The firm has a 50-day moving average price of $17.82 and a 200 day moving average price of $17.96. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80.

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, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.09 billion. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The firm's revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Equities research analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

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.

Want to see what other hedge funds are holding MAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mattel, Inc. (NASDAQ:MAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.