Mattel, Inc. (NASDAQ:MAT) Position Lowered by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury reduced its position in Mattel, Inc. (NASDAQ:MAT) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,813 shares of the company’s stock after selling 4,087 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Mattel were worth $2,568,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Magnetar Financial LLC bought a new stake in shares of Mattel in the 4th quarter valued at approximately $944,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Mattel by 34.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company’s stock worth $37,760,000 after purchasing an additional 545,300 shares during the period. Vanguard Group Inc. lifted its position in shares of Mattel by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company’s stock worth $587,469,000 after buying an additional 355,769 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mattel in the 4th quarter valued at about $660,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Mattel by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company’s stock valued at $77,847,000 after buying an additional 127,064 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Price Performance

Shares of Mattel stock opened at $15.68 on Monday. Mattel, Inc. has a 52 week low of $13.95 and a 52 week high of $22.07. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The stock has a market cap of $5.06 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51. The company’s 50-day moving average price is $18.48 and its two-hundred day moving average price is $18.80.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period last year, the business earned $0.29 EPS. As a group, sell-side analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MAT. DA Davidson upgraded Mattel to a “strong-buy” rating in a research note on Monday, April 14th. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Finally, Morgan Stanley lifted their price objective on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.40.

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.