Principal Financial Group Inc. Decreases Stock Position in Mattel, Inc. (NASDAQ:MAT)

Principal Financial Group Inc. trimmed its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 31.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 787,022 shares of the company's stock after selling 358,736 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Mattel worth $14,993,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Nisa Investment Advisors LLC raised its position in shares of Mattel by 2.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company's stock worth $491,000 after acquiring an additional 693 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Mattel by 38.3% during the third 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 last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Mattel by 3.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company's stock valued at $752,000 after buying an additional 1,160 shares in the last quarter. KBC Group NV grew its position in shares of Mattel by 13.8% in the 3rd quarter. KBC Group NV now owns 10,166 shares of the company's stock worth $194,000 after buying an additional 1,229 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Mattel by 584.3% during the third quarter. UMB Bank n.a. now owns 1,485 shares of the company's stock valued at $28,000 after acquiring an additional 1,268 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

Mattel Stock Performance

Shares of NASDAQ:MAT traded down $0.04 during trading on Friday, hitting $17.96. 1,505,792 shares of the stock traded hands, compared to its average volume of 3,213,688. The company has a fifty day moving average price of $18.89 and a two-hundred day moving average price of $18.50. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $20.59. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 0.97 and a beta of 0.76. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01.

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. As a group, equities analysts predict that Mattel, Inc. will post 1.46 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Bank of America increased their price objective on Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, October 24th. 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 report on Monday, October 21st. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research report on Tuesday. DA Davidson reiterated a "buy" rating and set a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th. Finally, Morgan Stanley raised their target price on Mattel from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.