Point72 Asset Management L.P. Has $30.14 Million Stock Position in Mattel, Inc. (NASDAQ:MAT)

Point72 Asset Management L.P. raised its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 54.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,582,369 shares of the company's stock after purchasing an additional 558,213 shares during the quarter. Point72 Asset Management L.P. owned about 0.47% of Mattel worth $30,144,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in shares of Mattel by 2.8% during the third quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company's stock worth $491,000 after purchasing an additional 693 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Mattel by 38.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock valued at $53,000 after buying an additional 775 shares during the period. CWM LLC lifted its position in Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company's stock worth $43,000 after acquiring an additional 1,097 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Mattel by 3.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company's stock worth $752,000 after acquiring an additional 1,160 shares during the period. Finally, Blue Trust Inc. grew its position in Mattel by 143.2% in the second quarter. Blue Trust Inc. now owns 2,072 shares of the company's stock valued at $34,000 after acquiring an additional 1,220 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Performance

Shares of MAT traded down $0.40 during mid-day trading on Friday, hitting $19.36. The stock had a trading volume of 2,241,427 shares, compared to its average volume of 3,229,781. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $20.59. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. The company has a market cap of $6.52 billion, a PE ratio of 12.35, a PEG ratio of 0.97 and a beta of 0.76. The company's fifty day simple moving average is $19.07 and its two-hundred day simple moving average is $18.41.

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

Analysts Set New Price Targets

MAT has been the topic of a number of recent research reports. Jefferies Financial Group boosted their target price on shares of Mattel from $18.25 to $20.00 and gave the stock a "hold" rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. upped their price objective on shares of Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Morgan Stanley lifted their target price on Mattel from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. DA Davidson reissued a "buy" rating and issued a $27.00 price target on shares of Mattel in a report on Thursday, October 24th. Finally, Bank of America raised their price objective on Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $23.75.

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.