Wealth Enhancement Advisory Services LLC Has $1.14 Million Stake in Mattel, Inc. $MAT

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Mattel, Inc. by 27.0% during the 2nd quarter, leaving it with shares valued at approximately $1.14 million.
• Institutional investors collectively own 97.15% of Mattel's stock, with significant stake increases from firms like Two Sigma Investments LP and GAMMA Investing LLC.
• Wall Street analysts rate Mattel with an average rating of "Moderate Buy", citing a consensus price target of $24.38 following several upward adjustments in target prices.

Wealth Enhancement Advisory Services LLC trimmed its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 27.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,881 shares of the company's stock after selling 20,705 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Mattel were worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in MAT. Two Sigma Investments LP lifted its holdings in shares of Mattel by 34.7% during the 4th quarter. Two Sigma Investments LP now owns 83,834 shares of the company's stock valued at $1,486,000 after buying an additional 21,583 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Mattel during the 4th quarter valued at about $313,000. Wellington Management Group LLP acquired a new stake in shares of Mattel during the 4th quarter valued at about $5,622,000. GAMMA Investing LLC lifted its holdings in shares of Mattel by 2,675.4% during the 1st quarter. GAMMA Investing LLC now owns 98,277 shares of the company's stock valued at $1,910,000 after buying an additional 94,736 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in Mattel in the 1st quarter worth approximately $534,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAT has been the subject of several analyst reports. Citigroup boosted their target price on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Roth Capital set a $22.00 target price on Mattel and gave the stock a "neutral" rating in a report on Friday, July 11th. Wall Street Zen lowered Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, JPMorgan Chase & Co. boosted their target price on Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $24.38.

Mattel Stock Up 2.7%

Shares of MAT stock opened at $17.28 on Thursday. Mattel, Inc. has a 12 month low of $13.94 and a 12 month high of $22.07. The firm has a market cap of $5.57 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 2.13 and a beta of 0.69. The stock has a 50 day moving average of $17.65 and a 200-day moving average of $18.12. 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 issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping 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 company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company earned $0.19 earnings per share. The company's quarterly revenue 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, equities analysts predict 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.

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