Commonwealth Equity Services LLC Has $259,000 Holdings in Mattel, Inc. (NASDAQ:MAT)

Commonwealth Equity Services LLC decreased its holdings in Mattel, Inc. (NASDAQ:MAT) by 16.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,959 shares of the company’s stock after selling 3,231 shares during the period. Commonwealth Equity Services LLC’s holdings in Mattel were worth $259,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in Mattel by 108.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock valued at $33,000 after buying an additional 1,052 shares during the period. Blue Trust Inc. increased its stake in shares of Mattel by 143.2% in the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after acquiring an additional 1,220 shares during the last quarter. CWM LLC increased its stake in shares of Mattel by 71.0% in the second quarter. CWM LLC now owns 2,641 shares of the company’s stock worth $43,000 after acquiring an additional 1,097 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Mattel by 14,185.0% during the second quarter. Versant Capital Management Inc now owns 2,857 shares of the company’s stock worth $46,000 after acquiring an additional 2,837 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Mattel during the first quarter valued at $76,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Performance

Shares of NASDAQ MAT opened at $19.16 on Wednesday. The business’s 50-day simple moving average is $18.83 and its 200-day simple moving average is $18.38. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $22.30. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 1.19 and a beta of 0.80.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities research analysts expect that Mattel, Inc. will post 1.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MAT has been the subject of a number of recent research reports. DA Davidson reaffirmed a “buy” rating and set a $27.00 price target on shares of Mattel in a research note on Monday, July 22nd. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Mattel currently has a consensus rating of “Moderate Buy” and an average price target of $22.63.

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.