Other hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc grew its holdings in Mattel by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 10,962 shares of the company's stock worth $194,000 after purchasing an additional 601 shares during the period. Xponance Inc. grew its holdings in Mattel by 1.6% in the fourth quarter. Xponance Inc. now owns 46,262 shares of the company's stock worth $820,000 after purchasing an additional 739 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Mattel by 150.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after purchasing an additional 926 shares during the period. Treasurer of the State of North Carolina grew its holdings in Mattel by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 148,795 shares of the company's stock worth $2,638,000 after purchasing an additional 930 shares during the period. Finally, LPL Financial LLC grew its holdings in Mattel by 3.9% in the fourth quarter. LPL Financial LLC now owns 24,986 shares of the company's stock worth $443,000 after purchasing an additional 935 shares during the period. Hedge funds and other institutional investors own 97.15% of the company's stock.
Shares of NASDAQ MAT traded down $0.50 during midday trading on Friday, hitting $18.80. The stock had a trading volume of 1,885,643 shares, compared to its average volume of 3,741,899. The business's 50 day moving average is $17.44 and its 200-day moving average is $18.66. The company has a market cap of $6.07 billion, a P/E ratio of 11.75, a PEG ratio of 2.35 and a beta of 0.66. Mattel, Inc. has a 52 week low of $13.95 and a 52 week high of $22.07. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.
Mattel (Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.08. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The business had revenue of $826.60 million during the quarter, compared to the consensus estimate of $791.49 million. During the same quarter in the previous year, the firm posted ($0.05) EPS. The firm's revenue was up 2.1% on a year-over-year basis. As a group, analysts predict that Mattel, Inc. will post 1.7 EPS for the current year.
A number of brokerages have weighed in on MAT. Citigroup upped their price objective on shares of Mattel from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Morgan Stanley upped their price objective on shares of Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. DA Davidson restated a "buy" rating and issued a $30.00 price objective on shares of Mattel in a report on Thursday, May 15th. The Goldman Sachs Group dropped their target price on shares of Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Wall Street Zen upgraded shares of Mattel from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.14.
Get Our Latest Research Report on MAT
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.
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