Mattel, Inc. $MAT Shares Purchased by Krilogy Financial LLC

Key Points

• Krilogy Financial LLC increased its stake in Mattel, Inc. by 58.5% during Q2, owning 125,093 shares worth approximately $2.47 million.
• Mattel's most recent quarterly earnings report showed a net margin of 9.87% and earnings per share of $0.19, surpassing estimates.
• Wall Street analysts currently have an average rating of "Moderate Buy" for Mattel shares with a target price of $24.38.

Krilogy Financial LLC boosted its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 58.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,093 shares of the company's stock after buying an additional 46,172 shares during the quarter. Krilogy Financial LLC's holdings in Mattel were worth $2,467,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont lifted its holdings in Mattel by 995.8% in the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock worth $26,000 after buying an additional 1,195 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Mattel by 189.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,609 shares of the company's stock worth $32,000 after buying an additional 1,054 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Mattel by 52.9% in the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock worth $54,000 after buying an additional 962 shares in the last quarter. UMB Bank n.a. lifted its holdings in Mattel by 93.5% in the 1st quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock worth $58,000 after buying an additional 1,447 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in Mattel in the 1st quarter worth $59,000. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Price Performance

Shares of NASDAQ:MAT opened at $17.42 on Tuesday. 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, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.07. The firm has a 50-day simple moving average of $18.32 and a 200 day simple moving average of $18.37. The company has a market cap of $5.61 billion, a PE ratio of 11.24, a P/E/G ratio of 2.16 and a beta of 0.66.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm earned $0.19 EPS. The company's revenue for the quarter was down 5.7% compared to the same quarter last year. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. On average, sell-side analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MAT shares. JPMorgan Chase & Co. boosted their target price on shares of Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Roth Capital set a $22.00 target price on shares of Mattel and gave the stock a "neutral" rating in a research report on Friday, July 11th. Finally, Citigroup boosted their target price on shares of Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.38.

Mattel 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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