Dynamic Technology Lab Private Ltd Makes New $1.49 Million Investment in Mattel, Inc. (NASDAQ:MAT)

Dynamic Technology Lab Private Ltd bought a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 78,132 shares of the company's stock, valued at approximately $1,488,000.

Other large investors have also recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in shares of Mattel during the 1st quarter valued at $76,000. Janus Henderson Group PLC raised its position in Mattel by 8.5% in the first quarter. Janus Henderson Group PLC now owns 187,296 shares of the company's stock worth $3,708,000 after acquiring an additional 14,632 shares in the last quarter. Tidal Investments LLC lifted its holdings in Mattel by 292.6% in the 1st quarter. Tidal Investments LLC now owns 83,462 shares of the company's stock valued at $1,653,000 after acquiring an additional 62,204 shares during the last quarter. Comerica Bank boosted its position in shares of Mattel by 99.4% during the 1st quarter. Comerica Bank now owns 291,683 shares of the company's stock valued at $5,778,000 after purchasing an additional 145,391 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Mattel in the 1st quarter worth approximately $76,000. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Stock Down 2.3 %

Shares of MAT traded down $0.44 during trading hours on Tuesday, reaching $18.63. The company's stock had a trading volume of 3,844,859 shares, compared to its average volume of 3,242,326. The company has a 50 day moving average of $19.09 and a two-hundred day moving average of $18.39. 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 firm has a market cap of $6.28 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 0.96 and a beta of 0.78. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $20.59.

Mattel (NASDAQ:MAT - Get Free Report) 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. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The company's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 EPS. As a group, research analysts predict that Mattel, Inc. will post 1.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com lowered shares of Mattel from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. DA Davidson reiterated a "buy" rating and set a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on Mattel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Morgan Stanley upped their target price on Mattel from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. Finally, Bank of America lifted their price target on Mattel from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $23.75.

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.