Fmr LLC Decreases Holdings in Mattel, Inc. (NASDAQ:MAT)

FMR LLC trimmed its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 85.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,668 shares of the company's stock after selling 192,295 shares during the quarter. FMR LLC's holdings in Mattel were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Barington Capital Group L.P. lifted its stake in shares of Mattel by 25.3% during the second quarter. Barington Capital Group L.P. now owns 595,000 shares of the company's stock worth $9,675,000 after buying an additional 120,000 shares during the period. Citigroup Inc. lifted its position in Mattel by 449.9% during the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company's stock worth $5,562,000 after acquiring an additional 238,884 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Mattel by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company's stock worth $81,222,000 after acquiring an additional 114,305 shares during the period. SG Americas Securities LLC purchased a new stake in Mattel during the 2nd quarter valued at about $312,000. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Mattel by 101.0% in the third quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company's stock valued at $3,208,000 after purchasing an additional 84,626 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on MAT. DA Davidson reaffirmed a "buy" rating and set a $27.00 target price on shares of Mattel in a report on Thursday, October 24th. Morgan Stanley lifted their price objective 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. Bank of America increased their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. StockNews.com cut shares of Mattel from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Finally, 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 report on Monday, October 21st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Mattel has a consensus rating of "Hold" and a consensus price target of $23.75.

Mattel Stock Down 2.7 %

MAT stock opened at $18.15 on Thursday. Mattel, Inc. has a one year low of $15.87 and a one year high of $20.59. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. The firm's fifty day moving average is $19.03 and its 200 day moving average is $18.49. The firm has a market cap of $6.11 billion, a PE ratio of 11.34, a P/E/G ratio of 0.99 and a beta of 0.76.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.19. The firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The company's quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the firm earned $1.08 EPS. On average, research analysts forecast that Mattel, Inc. will post 1.46 EPS for the current year.

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.