Teachers Retirement System of The State of Kentucky Sells 5,600 Shares of Mattel, Inc. (NASDAQ:MAT)

Teachers Retirement System of The State of Kentucky decreased its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,180 shares of the company’s stock after selling 5,600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Mattel were worth $2,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oak Family Advisors LLC grew its stake in shares of Mattel by 0.9% during the 4th quarter. Oak Family Advisors LLC now owns 60,189 shares of the company’s stock valued at $1,136,000 after purchasing an additional 559 shares during the period. Treasurer of the State of North Carolina increased its holdings in Mattel by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 154,594 shares of the company’s stock valued at $3,406,000 after buying an additional 780 shares during the last quarter. Panagora Asset Management Inc. raised its position in Mattel by 7.4% in the fourth quarter. Panagora Asset Management Inc. now owns 11,861 shares of the company’s stock worth $224,000 after acquiring an additional 816 shares during the period. Trust Co. of Vermont boosted its stake in shares of Mattel by 833.3% during the 3rd quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock worth $25,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of Mattel by 6.1% during the 4th quarter. Private Advisor Group LLC now owns 18,666 shares of the company’s stock valued at $349,000 after acquiring an additional 1,067 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Insider Activity at Mattel

In related news, insider Steve Totzke sold 45,216 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $18.90, for a total transaction of $854,582.40. Following the sale, the insider now owns 101,902 shares of the company’s stock, valued at $1,925,947.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $18.83, for a total transaction of $407,763.65. Following the transaction, the executive vice president now owns 106,086 shares of the company’s stock, valued at approximately $1,997,599.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steve Totzke sold 45,216 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $18.90, for a total value of $854,582.40. Following the completion of the sale, the insider now owns 101,902 shares of the company’s stock, valued at $1,925,947.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,533 shares of company stock valued at $1,709,321. 1.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. DA Davidson lifted their target price on Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Jefferies Financial Group raised their target price on shares of Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. Citigroup lifted their price target on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Bank of America increased their price objective on shares of Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.78.

Mattel Stock Up 0.2 %

Shares of MAT stock opened at $17.11 on Friday. The company’s fifty day simple moving average is $18.05 and its two-hundred day simple moving average is $18.67. Mattel, Inc. has a 52 week low of $16.20 and a 52 week high of $22.64. The stock has a market cap of $5.89 billion, a P/E ratio of 20.61, a PEG ratio of 1.09 and a beta of 0.90. The company has a quick ratio of 1.88, a current ratio of 2.49 and a debt-to-equity ratio of 1.15.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The company had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. During the same period in the prior year, the company earned ($0.24) earnings per share. The firm’s revenue was down .6% on a year-over-year basis. Analysts predict that Mattel, Inc. will post 1.4 EPS for the current fiscal year.

Mattel Company Profile

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.