Aperio Group LLC trimmed its position in shares of Mattel, Inc. (NASDAQ:MAT) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,295 shares of the company’s stock after selling 7,749 shares during the quarter. Aperio Group LLC’s holdings in Mattel were worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAT. Intact Investment Management Inc. raised its holdings in Mattel by 14.0% in the 2nd quarter. Intact Investment Management Inc. now owns 93,100 shares of the company’s stock worth $2,004,000 after purchasing an additional 11,400 shares during the period. Thrivent Financial For Lutherans increased its stake in Mattel by 3.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock worth $281,000 after buying an additional 410 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in Mattel by 43.8% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 147,083 shares of the company’s stock worth $3,167,000 after buying an additional 44,802 shares in the last quarter. State of Wisconsin Investment Board increased its stake in Mattel by 31.1% in the 2nd quarter. State of Wisconsin Investment Board now owns 298,972 shares of the company’s stock worth $6,437,000 after buying an additional 70,840 shares in the last quarter. Finally, Greenwood Capital Associates LLC purchased a new stake in Mattel in the 2nd quarter worth $287,000. 95.89% of the stock is currently owned by hedge funds and other institutional investors.
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MAT has been the subject of a number of analyst reports. UBS AG reiterated a “buy” rating and issued a $23.00 price target on shares of Mattel in a research note on Saturday, September 16th. Monness Crespi & Hardt increased their price target on Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. TheStreet lowered Mattel from a “c” rating to a “d” rating in a research note on Thursday, October 26th. Jefferies Group LLC restated a “hold” rating and set a $17.00 price objective on shares of Mattel in a research report on Thursday, September 7th. Finally, Stifel Nicolaus restated a “hold” rating and set a $19.00 price objective on shares of Mattel in a research report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of C$21.46.
Shares of Mattel, Inc. (MAT) opened at C$14.62 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32. Mattel, Inc. has a 12 month low of C$12.71 and a 12 month high of C$32.48. The firm has a market cap of $5,025.33, a P/E ratio of 97.47, a PEG ratio of 37.59 and a beta of 0.88.
Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Thursday, October 26th. The company reported C$0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.58 by C($0.49). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The company had revenue of C$1.56 billion for the quarter, compared to the consensus estimate of C$1.82 billion. During the same period in the prior year, the firm posted $0.70 EPS. The business’s revenue was down 13.1% on a year-over-year basis. sell-side analysts expect that Mattel, Inc. will post 0.04 EPS for the current fiscal year.
Mattel Company Profile
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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