Swiss National Bank decreased its holdings in shares of Mattel, Inc. (NASDAQ:MAT – Free Report) by 10.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 764,900 shares of the company’s stock after selling 88,100 shares during the quarter. Swiss National Bank owned about 0.22% of Mattel worth $14,082,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in MAT. ING Groep NV purchased a new stake in Mattel during the 1st quarter worth $28,000. Money Concepts Capital Corp purchased a new stake in Mattel during the 4th quarter worth $29,000. Lazard Asset Management LLC purchased a new stake in Mattel during the 1st quarter worth $86,000. Dark Forest Capital Management LP increased its position in shares of Mattel by 2,325.8% in the 4th quarter. Dark Forest Capital Management LP now owns 5,822 shares of the company’s stock worth $104,000 after purchasing an additional 5,582 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Mattel by 28.8% in the 2nd quarter. Captrust Financial Advisors now owns 5,855 shares of the company’s stock worth $131,000 after purchasing an additional 1,308 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on MAT shares. TheStreet raised shares of Mattel from a “c+” rating to a “b” rating in a research report on Wednesday, July 26th. The Goldman Sachs Group boosted their target price on shares of Mattel from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. JPMorgan Chase & Co. boosted their target price on shares of Mattel from $24.00 to $25.00 in a research report on Thursday, July 27th. Finally, StockNews.com started coverage on shares of Mattel in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.11.
Insider Buying and Selling at Mattel
In other Mattel news, SVP Yoon J. Hugh sold 38,677 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $21.40, for a total transaction of $827,687.80. Following the completion of the transaction, the senior vice president now directly owns 39,964 shares of the company’s stock, valued at approximately $855,229.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Yoon J. Hugh sold 38,677 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $21.40, for a total value of $827,687.80. Following the completion of the sale, the senior vice president now directly owns 39,964 shares of the company’s stock, valued at approximately $855,229.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard Todd Bradley sold 12,601 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $21.37, for a total transaction of $269,283.37. Following the completion of the sale, the director now directly owns 12,729 shares of the company’s stock, valued at $272,018.73. The disclosure for this sale can be found here. Insiders sold 169,770 shares of company stock valued at $3,592,788 in the last ninety days. Company insiders own 2.40% of the company’s stock.
Mattel Price Performance
Shares of NASDAQ:MAT opened at $21.56 on Thursday. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 1.19. Mattel, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $24.20. The firm has a 50-day simple moving average of $20.46 and a 200 day simple moving average of $18.80. The company has a market cap of $7.64 billion, a PE ratio of 34.77, a P/E/G ratio of 1.88 and a beta of 1.20.
Mattel (NASDAQ:MAT – Get Free Report) last posted its earnings results on Wednesday, July 26th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.14. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1 billion. Mattel had a net margin of 4.48% and a return on equity of 15.57%. Mattel’s revenue was down 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 EPS. On average, sell-side analysts anticipate that Mattel, Inc. will post 1.19 EPS for the current year.
Mattel Profile
Mattel, Inc, a children’s and family entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Disney Princess and Frozen, and Polly Pocket brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, and Power wheels brands.