Citigroup Inc. lifted its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 449.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 291,983 shares of the company's stock after purchasing an additional 238,884 shares during the period. Citigroup Inc. owned 0.09% of Mattel worth $5,562,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in MAT. Pacer Advisors Inc. boosted its position in Mattel by 20,152.4% during the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company's stock valued at $178,783,000 after acquiring an additional 10,940,943 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Mattel by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company's stock worth $119,862,000 after purchasing an additional 27,204 shares during the period. Dimensional Fund Advisors LP raised its holdings in Mattel by 34.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company's stock worth $94,215,000 after purchasing an additional 1,479,227 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mattel by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company's stock valued at $81,222,000 after buying an additional 114,305 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Mattel by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,915,356 shares of the company's stock worth $47,404,000 after buying an additional 51,687 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. DA Davidson reaffirmed a "buy" rating and issued a $27.00 target price on shares of Mattel in a research report on Thursday, October 24th. Morgan Stanley increased their price objective on shares of Mattel from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. StockNews.com lowered Mattel from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised 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. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $23.75.
View Our Latest Analysis on Mattel
Mattel Price Performance
MAT traded down $0.10 during trading hours on Monday, hitting $18.92. The company's stock had a trading volume of 2,617,623 shares, compared to its average volume of 3,231,199. The business's 50-day moving average price is $19.04 and its 200-day moving average price is $18.39. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 0.98 and a beta of 0.78. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $20.59.
Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the company earned $1.08 earnings per share. Mattel's revenue was down 3.9% on a year-over-year basis. Sell-side analysts expect that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.
About Mattel
(
Free Report)
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.
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