Intech Investment Management LLC Takes $915,000 Position in Mattel, Inc. (NASDAQ:MAT)

Intech Investment Management LLC purchased a new stake in Mattel, Inc. (NASDAQ:MAT) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 56,252 shares of the company’s stock, valued at approximately $915,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Mattel by 108.5% in the second quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock valued at $33,000 after purchasing an additional 1,052 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Mattel by 143.2% during the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after buying an additional 1,220 shares during the period. CWM LLC boosted its holdings in shares of Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock worth $43,000 after buying an additional 1,097 shares during the period. Versant Capital Management Inc grew its stake in Mattel by 14,185.0% in the 2nd quarter. Versant Capital Management Inc now owns 2,857 shares of the company’s stock valued at $46,000 after buying an additional 2,837 shares during the last quarter. Finally, Denver PWM LLC bought a new position in Mattel in the 2nd quarter valued at about $70,000. Institutional investors own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. DA Davidson reaffirmed a “buy” rating and issued a $27.00 target price on shares of Mattel in a research report on Monday, July 22nd. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.63.

Mattel Stock Down 2.0 %

Shares of NASDAQ MAT opened at $18.77 on Thursday. The stock has a market capitalization of $6.38 billion, a P/E ratio of 22.61, a PEG ratio of 1.25 and a beta of 0.80. The stock’s fifty day moving average is $18.87 and its 200 day moving average is $18.38. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $22.30. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm earned $0.10 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts forecast that Mattel, Inc. will post 1.43 earnings per share 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.