Mattel, Inc. (NASDAQ:MAT) Position Lessened by Amalgamated Bank

Amalgamated Bank cut its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 24.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 162,249 shares of the company's stock after selling 53,143 shares during the quarter. Amalgamated Bank's holdings in Mattel were worth $3,091,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company's stock worth $28,000 after purchasing an additional 1,268 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Mattel in the 3rd quarter worth about $29,000. GAMMA Investing LLC raised its holdings in shares of Mattel by 108.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company's stock worth $33,000 after purchasing an additional 1,052 shares during the period. Blue Trust Inc. grew its stake in shares of Mattel by 143.2% in the second quarter. Blue Trust Inc. now owns 2,072 shares of the company's stock valued at $34,000 after buying an additional 1,220 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Mattel by 71.0% in the second 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. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MAT. JPMorgan Chase & Co. increased their target price on Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Bank of America increased their target price on Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. DA Davidson reiterated a "buy" rating and issued a $27.00 target price on shares of Mattel in a research note on Thursday, October 24th. Jefferies Financial Group increased their target price on Mattel from $18.25 to $20.00 and gave the company a "hold" rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley raised their price objective on Mattel from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $23.75.

Mattel Stock Performance

Shares of MAT traded down $0.10 during mid-day trading on Monday, hitting $19.45. The stock had a trading volume of 1,957,949 shares, compared to its average volume of 3,148,854. The company has a market cap of $6.55 billion, a PE ratio of 12.16, a PEG ratio of 1.01 and a beta of 0.78. The company's fifty day simple moving average is $19.09 and its two-hundred day simple moving average is $18.38. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $20.59.

Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.95 by $0.19. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The business's revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. On average, equities analysts expect that Mattel, Inc. will post 1.46 earnings per share for the current 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.