Bank of Montreal Can Sells 76,058 Shares of Mattel, Inc. (NASDAQ:MAT)

Bank of Montreal Can cut its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 13.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 488,180 shares of the company's stock after selling 76,058 shares during the period. Bank of Montreal Can owned 0.14% of Mattel worth $9,295,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Lazard Asset Management LLC bought a new position in shares of Mattel during the first quarter worth about $76,000. Janus Henderson Group PLC grew its position in shares of Mattel by 8.5% during 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 during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Mattel during the first quarter worth about $76,000. GAMMA Investing LLC grew its position in shares of Mattel by 108.5% during the second quarter. GAMMA Investing LLC now owns 2,022 shares of the company's stock worth $33,000 after acquiring an additional 1,052 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Mattel by 14,185.0% in the second quarter. Versant Capital Management Inc now owns 2,857 shares of the company's stock worth $46,000 after purchasing an additional 2,837 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Trading Down 0.9 %

MAT stock traded down $0.18 during mid-day trading on Monday, reaching $18.84. 700,412 shares of the stock traded hands, compared to its average volume of 3,222,658. The company has a market cap of $6.35 billion, a P/E ratio of 11.89, a P/E/G ratio of 0.98 and a beta of 0.78. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $20.59. 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's fifty day moving average is $19.04 and its 200-day moving average is $18.39.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 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 firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. The firm's revenue was down 3.9% on a year-over-year basis. As a group, sell-side analysts expect that Mattel, Inc. will post 1.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Mattel from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Bank of America upped their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Jefferies Financial Group upped their price objective on shares of Mattel from $18.25 to $20.00 and gave the stock a "hold" rating in a report on Tuesday, October 1st. Finally, Morgan Stanley upped their price objective on shares of Mattel from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. Six 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.com, the stock has an average rating of "Hold" and an average target price of $23.75.

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.