Mattel, Inc. (NASDAQ:MAT) Stock Holdings Raised by Barington Capital Group L.P.

Barington Capital Group L.P. increased its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 25.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 595,000 shares of the company’s stock after purchasing an additional 120,000 shares during the period. Mattel makes up approximately 11.1% of Barington Capital Group L.P.’s holdings, making the stock its 3rd biggest holding. Barington Capital Group L.P.’s holdings in Mattel were worth $9,675,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Mattel by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock valued at $231,487,000 after acquiring an additional 180,855 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in Mattel during the 4th quarter worth approximately $1,169,000. Cubist Systematic Strategies LLC acquired a new position in shares of Mattel in the 4th quarter valued at approximately $15,642,000. The Manufacturers Life Insurance Company raised its position in shares of Mattel by 9.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 606,131 shares of the company’s stock valued at $11,444,000 after purchasing an additional 50,419 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Mattel during the 2nd quarter valued at approximately $312,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

MAT has been the subject of a number of research analyst reports. DA Davidson restated a “buy” rating and issued a $27.00 price target on shares of Mattel in a research note on Monday, July 22nd. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.63.

Mattel Stock Performance

Mattel stock opened at $19.04 on Friday. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $22.30. The firm’s 50-day moving average is $18.98 and its 200-day moving average is $18.37. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58. The company has a market cap of $6.55 billion, a P/E ratio of 22.94, a PEG ratio of 1.25 and a beta of 0.80.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a net margin of 5.94% and a return on equity of 25.72%. Mattel’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. On average, equities analysts expect that Mattel, Inc. will post 1.43 earnings per share for the current 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.