V Square Quantitative Management LLC Takes $29,000 Position in Mattel, Inc. (NASDAQ:MAT)

V Square Quantitative Management LLC acquired a new stake in Mattel, Inc. (NASDAQ:MAT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,546 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds have also modified their holdings of MAT. Price T Rowe Associates Inc. MD grew its holdings in 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 worth $231,487,000 after acquiring an additional 180,855 shares during the period. Barington Capital Group L.P. grew its holdings in Mattel by 25.3% during the second quarter. Barington Capital Group L.P. now owns 595,000 shares of the company’s stock worth $9,675,000 after acquiring an additional 120,000 shares during the period. SG Americas Securities LLC acquired a new stake in Mattel during the second quarter worth about $312,000. Van ECK Associates Corp grew its holdings in Mattel by 181.0% during the first quarter. Van ECK Associates Corp now owns 220,845 shares of the company’s stock worth $4,375,000 after acquiring an additional 142,266 shares during the period. Finally, Tidal Investments LLC boosted its position in Mattel by 292.6% during the first quarter. Tidal Investments LLC now owns 83,462 shares of the company’s stock worth $1,653,000 after purchasing an additional 62,204 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MAT. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Jefferies Financial Group increased their price target on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price target on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, DA Davidson reiterated a “buy” rating and set a $27.00 price target on shares of Mattel in a research report on Monday, July 22nd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Mattel Stock Performance

NASDAQ MAT opened at $18.42 on Tuesday. The company has a market cap of $6.34 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 1.25 and a beta of 0.79. The stock’s 50 day simple moving average is $19.04 and its 200-day simple moving average is $18.30. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $20.48. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.58 and a quick ratio of 1.81.

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

About Mattel

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.