Mattel, Inc. (NASDAQ:MAT) Holdings Cut by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 211,564 shares of the company's stock after selling 14,615 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of Mattel worth $3,751,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after purchasing an additional 926 shares during the last quarter. West Oak Capital LLC increased its holdings in shares of Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock valued at $35,000 after acquiring an additional 1,955 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Mattel by 26.6% during the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock valued at $63,000 after acquiring an additional 744 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Mattel by 175.1% during the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock valued at $83,000 after acquiring an additional 2,972 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Mattel by 2,698.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company's stock worth $125,000 after purchasing an additional 6,826 shares during the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

MAT has been the topic of a number of research reports. Morgan Stanley increased their target price on shares of Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and lifted their target price for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. DA Davidson upped their target price on Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Finally, StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Mattel currently has an average rating of "Moderate Buy" and a consensus target price of $25.57.

Mattel Price Performance

Shares of NASDAQ MAT traded down $0.37 during mid-day trading on Friday, reaching $19.30. 2,365,298 shares of the company traded hands, compared to its average volume of 3,371,730. The firm has a market cap of $6.23 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $22.07. The stock has a fifty day simple moving average of $20.19 and a 200-day simple moving average of $19.29.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period in the prior year, the business posted $0.29 earnings per share. Equities research analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

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.