Mattel, Inc. (NASDAQ:MAT) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 327,017 shares of the company's stock after selling 16,847 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Mattel worth $5,798,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. State Street Corp increased its stake in Mattel by 3.1% in the third quarter. State Street Corp now owns 10,517,270 shares of the company's stock valued at $200,354,000 after purchasing an additional 318,125 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Mattel by 84.0% in the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock valued at $176,757,000 after acquiring an additional 4,270,162 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Mattel by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company's stock valued at $119,862,000 after acquiring an additional 27,204 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Mattel by 0.3% in the third quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company's stock valued at $116,896,000 after acquiring an additional 17,309 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Mattel by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company's stock valued at $81,222,000 after acquiring an additional 114,305 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on MAT shares. Morgan Stanley lifted their target price on shares of Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a report on Saturday, February 8th. DA Davidson lifted their target price on shares of Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Bank of America lifted their target price on shares of Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group raised shares of 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 report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.57.

Mattel Price Performance

MAT stock traded down $0.62 during trading on Friday, reaching $21.19. 1,556,594 shares of the company were exchanged, compared to its average volume of 3,557,776. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $22.07. The company has a market cap of $7.14 billion, a P/E ratio of 13.25, a PEG ratio of 2.35 and a beta of 0.76. 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 stock's 50 day moving average price is $19.02 and its 200 day moving average price is $19.03.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data 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 last year, the firm earned $0.29 earnings per share. As a group, analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Mattel Company 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.