Stephens Inc. AR increased its holdings in Mattel, Inc. (NASDAQ:MAT) by 21.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,582 shares of the company’s stock after purchasing an additional 9,123 shares during the quarter. Stephens Inc. AR’s holdings in Mattel were worth $1,111,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Penserra Capital Management LLC boosted its position in Mattel by 26.6% during the second quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after acquiring an additional 1,287 shares during the last quarter. Delta Asset Management LLC TN boosted its position in Mattel by 54.7% during the second quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock valued at $133,000 after acquiring an additional 2,175 shares during the last quarter. First Interstate Bank boosted its position in Mattel by 237.1% during the first quarter. First Interstate Bank now owns 6,682 shares of the company’s stock valued at $171,000 after acquiring an additional 4,700 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in Mattel by 11.4% during the second quarter. Nations Financial Group Inc. IA ADV now owns 9,764 shares of the company’s stock valued at $210,000 after acquiring an additional 1,003 shares during the last quarter. Finally, Cleararc Capital Inc. boosted its position in Mattel by 0.8% during the first quarter. Cleararc Capital Inc. now owns 8,394 shares of the company’s stock valued at $215,000 after acquiring an additional 69 shares during the last quarter. 93.54% of the stock is currently owned by institutional investors.
In related news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was purchased at an average cost of $19.61 per share, with a total value of $248,262.60. Following the completion of the acquisition, the chief executive officer now directly owns 116,788 shares of the company’s stock, valued at $2,290,212.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by insiders.
Shares of Mattel, Inc. (MAT) opened at 15.86 on Friday. The stock’s 50 day moving average is $17.10 and its 200 day moving average is $21.49. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 22.75 and a beta of 0.87. Mattel, Inc. has a 52 week low of $15.17 and a 52 week high of $33.23.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, July 27th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Mattel had a net margin of 4.51% and a return on equity of 11.62%. The company had revenue of $974.50 million for the quarter, compared to analysts’ expectations of $972.36 million. During the same period in the previous year, the firm earned ($0.02) earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts forecast that Mattel, Inc. will post $0.79 EPS for the current year.
MAT has been the topic of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $30.00 price target on shares of Mattel in a research report on Tuesday, May 23rd. BMO Capital Markets reissued a “buy” rating on shares of Mattel in a research report on Wednesday, June 7th. Jefferies Group LLC started coverage on shares of Mattel in a research report on Thursday, June 8th. They set a “hold” rating and a $22.00 price objective on the stock. Stifel Nicolaus reissued a “hold” rating and set a $23.00 price objective on shares of Mattel in a research report on Friday, June 9th. Finally, Monness Crespi & Hardt cut their price objective on shares of Mattel from $29.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, June 15th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Mattel has a consensus rating of “Hold” and a consensus target price of $25.04.
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Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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