Brighton Jones LLC Invests $228,000 in Mattel, Inc. (NASDAQ:MAT)

Brighton Jones LLC acquired a new stake in shares of Mattel, Inc. (NASDAQ:MAT) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,983 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors have also bought and sold shares of MAT. UMB Bank n.a. boosted its stake in Mattel by 584.3% during the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after purchasing an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Mattel in the third quarter valued at $29,000. GAMMA Investing LLC boosted its stake in Mattel by 108.5% during the second 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 in the last quarter. Blue Trust Inc. grew its holdings in Mattel by 143.2% during 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 period. Finally, CWM LLC grew its holdings in Mattel by 71.0% during 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 period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

MAT has been the subject of several research reports. Morgan Stanley raised their price objective on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday. DA Davidson restated a “buy” rating and set a $27.00 target price on shares of Mattel in a report on Thursday. Bank of America upped their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $23.75.

Mattel Trading Up 2.3 %

Mattel stock opened at $19.00 on Friday. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $20.48. The company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18. The stock has a market cap of $6.46 billion, a P/E ratio of 20.65, a P/E/G ratio of 0.99 and a beta of 0.79. The company’s fifty day simple moving average is $18.97 and its 200-day simple moving average is $18.28.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Mattel, Inc. will post 1.44 EPS for the current fiscal year.

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.