New York State Teachers Retirement System Lowers Position in Mattel, Inc. (NASDAQ:MAT)

New York State Teachers Retirement System trimmed its position in Mattel, Inc. (NASDAQ:MAT) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 343,864 shares of the company’s stock after selling 2,518 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Mattel worth $6,551,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in shares of Mattel by 584.3% during the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after buying an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Mattel during the third quarter worth about $29,000. GAMMA Investing LLC raised its stake in Mattel by 108.5% during the 2nd 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 period. Blue Trust Inc. boosted its stake in Mattel by 143.2% in the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after purchasing an additional 1,220 shares during the period. Finally, CWM LLC grew its holdings in Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after buying an additional 1,097 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MAT. DA Davidson reaffirmed a “buy” rating and set a $27.00 target price on shares of Mattel in a research note on Thursday, October 24th. Morgan Stanley raised their target price on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Jefferies Financial Group boosted their target price on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. Finally, StockNews.com cut shares of Mattel from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Mattel currently has a consensus rating of “Hold” and a consensus target price of $23.75.

Mattel Trading Up 0.5 %

MAT opened at $20.01 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. The stock’s fifty day moving average is $19.05 and its two-hundred day moving average is $18.34. The company has a market capitalization of $6.74 billion, a P/E ratio of 12.51, a PEG ratio of 1.05 and a beta of 0.78. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $20.59.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the company posted $1.08 earnings per share. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. Analysts forecast that Mattel, Inc. will post 1.46 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.