BB&T Securities LLC increased its stake in Mattel, Inc. (NASDAQ:MAT) by 30.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 103,176 shares of the company’s stock after purchasing an additional 24,205 shares during the quarter. BB&T Securities LLC’s holdings in Mattel were worth $1,597,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in MAT. Louisiana State Employees Retirement System increased its stake in Mattel by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock worth $456,000 after buying an additional 200 shares in the last quarter. CIBC Asset Management Inc increased its stake in Mattel by 2.9% in the 2nd quarter. CIBC Asset Management Inc now owns 48,698 shares of the company’s stock worth $1,048,000 after buying an additional 1,386 shares in the last quarter. Retirement Systems of Alabama increased its stake in Mattel by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 166,090 shares of the company’s stock worth $3,576,000 after buying an additional 558 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in Mattel in the 2nd quarter worth $4,247,000. Finally, Mengis Capital Management Inc. increased its stake in Mattel by 70.5% in the 2nd quarter. Mengis Capital Management Inc. now owns 17,178 shares of the company’s stock worth $369,000 after buying an additional 7,100 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.
MAT has been the subject of a number of analyst reports. DA Davidson reiterated an “underperform” rating and issued a $14.00 price target (down previously from $18.00) on shares of Mattel in a research note on Tuesday, September 12th. KeyCorp restated a “sector weight” rating on shares of Mattel in a research report on Thursday, August 31st. BidaskClub upgraded Mattel from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 14th. UBS set a $22.00 price objective on Mattel and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Jefferies Group set a $13.00 price objective on Mattel and gave the company a “hold” rating in a research report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $21.79.
Mattel, Inc. (NASDAQ MAT) opened at $15.16 on Thursday. The company has a market capitalization of $5,482.48, a PE ratio of 106.33, a P/E/G ratio of 41.01 and a beta of 1.00. Mattel, Inc. has a 12-month low of $12.71 and a 12-month high of $31.60. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The company’s revenue was down 13.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 EPS. analysts expect that Mattel, Inc. will post 0.04 EPS for the current 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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