Landscape Capital Management L.L.C. purchased a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,854 shares of the company's stock, valued at approximately $1,140,000.
A number of other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in shares of Mattel by 2.8% during the third quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company's stock worth $491,000 after acquiring an additional 693 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Mattel by 38.3% during the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock worth $53,000 after acquiring an additional 775 shares during the last quarter. CWM LLC boosted its position in shares of Mattel by 71.0% during the second quarter. CWM LLC now owns 2,641 shares of the company's stock worth $43,000 after acquiring an additional 1,097 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Mattel by 3.0% during the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company's stock worth $752,000 after acquiring an additional 1,160 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Mattel by 143.2% during the second quarter. Blue Trust Inc. now owns 2,072 shares of the company's stock valued at $34,000 after purchasing an additional 1,220 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms recently issued reports on MAT. Jefferies Financial Group upped their price target on shares of Mattel from $18.25 to $20.00 and gave the company a "hold" rating in a research note on Tuesday, October 1st. StockNews.com downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Morgan Stanley upped their price target on shares of Mattel from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on shares of Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Finally, DA Davidson reaffirmed a "buy" rating and set a $27.00 price target on shares of Mattel in a research note on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $23.75.
Get Our Latest Stock Analysis on MAT
Mattel Trading Up 1.7 %
Shares of NASDAQ MAT traded up $0.31 during mid-day trading on Friday, reaching $18.69. The company had a trading volume of 12,358,305 shares, compared to its average volume of 3,673,441. The business's 50-day moving average is $19.09 and its 200-day moving average 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 $6.30 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 0.95 and a beta of 0.78. Mattel, Inc. has a 52 week low of $15.87 and a 52 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The company had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the prior year, the business earned $1.08 EPS. The firm's quarterly revenue was down 3.9% on a year-over-year basis. Equities analysts expect that Mattel, Inc. will post 1.46 earnings per share for the current year.
Mattel Company Profile
(
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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