California Public Employees Retirement System Has $10.30 Million Stake in Mattel, Inc. (NASDAQ:MAT)

California Public Employees Retirement System cut its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 580,794 shares of the company's stock after selling 42,694 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Mattel worth $10,297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its position 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 valued at $37,760,000 after purchasing an additional 545,300 shares during the period. Allianz SE acquired a new stake in Mattel during the fourth quarter worth $126,000. Pictet Asset Management Holding SA increased its holdings in Mattel by 11.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 49,931 shares of the company's stock valued at $885,000 after buying an additional 4,932 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Mattel in the 4th quarter valued at $145,000. Finally, Norges Bank bought a new position in shares of Mattel during the 4th quarter worth about $54,929,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Price Performance

Shares of NASDAQ:MAT traded up $0.27 during trading on Friday, reaching $15.04. The stock had a trading volume of 6,031,858 shares, compared to its average volume of 3,527,256. The stock has a market capitalization of $4.86 billion, a PE ratio of 9.40, a P/E/G ratio of 2.35 and a beta of 0.51. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. Mattel, Inc. has a 52 week low of $13.95 and a 52 week high of $22.07. The business's 50-day moving average price is $19.79 and its 200 day moving average price is $19.09.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same quarter in the previous year, the business posted $0.29 earnings per share. As a group, equities analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MAT shares. Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and upped their target price for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Morgan Stanley lifted their price objective on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, DA Davidson raised their target price on Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. Three research 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $25.57.

Mattel 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.