Victory Capital Management Inc. lowered its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,195,588 shares of the company's stock after selling 194,163 shares during the period. Victory Capital Management Inc. owned about 1.84% of Mattel worth $109,848,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Citigroup Inc. grew its stake in shares of Mattel by 449.9% in the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company's stock valued at $5,562,000 after buying an additional 238,884 shares in the last quarter. FORA Capital LLC bought a new stake in Mattel in the third quarter worth approximately $1,003,000. Charles Schwab Investment Management Inc. increased its stake in shares of 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 purchasing an additional 114,305 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Mattel by 101.0% during the 3rd 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 in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Mattel by 53.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company's stock valued at $3,283,000 after purchasing an additional 59,845 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have commented on MAT shares. 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 research report on Wednesday, February 5th. StockNews.com lowered Mattel from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. DA Davidson raised their price objective on Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group raised Mattel from a "hold" rating to a "buy" rating and upped their target price for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $25.57.
Check Out Our Latest Stock Report on MAT
Mattel Stock Performance
Shares of Mattel stock traded up $0.33 during trading on Friday, reaching $21.00. The company's stock had a trading volume of 2,993,355 shares, compared to its average volume of 3,207,553. Mattel, Inc. has a one year low of $15.87 and a one year high of $22.07. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. The business's fifty day moving average price is $19.64 and its 200-day moving average price is $19.20.
Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period in the prior year, the company posted $0.29 EPS. As a group, equities research analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current year.
Mattel Profile
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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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