State Street Corp Buys 318,125 Shares of Mattel, Inc. (NASDAQ:MAT)

State Street Corp raised its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 3.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 10,517,270 shares of the company's stock after buying an additional 318,125 shares during the period. State Street Corp owned about 3.12% of Mattel worth $200,354,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in Mattel by 584.3% in the third quarter. UMB Bank n.a. now owns 1,485 shares of the company's stock valued at $28,000 after purchasing an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Mattel in the 3rd quarter valued at $29,000. Blue Trust Inc. increased its position in shares of Mattel by 143.2% in the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company's stock valued at $34,000 after buying an additional 1,220 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in Mattel during the 3rd quarter worth $34,000. Finally, CWM LLC lifted its holdings in Mattel by 71.0% during the second 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. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Down 2.8 %

Shares of Mattel stock traded down $0.54 during trading hours on Friday, reaching $18.78. The company's stock had a trading volume of 683,545 shares, compared to its average volume of 3,194,749. The company has a market capitalization of $6.33 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.99 and a beta of 0.76. The stock's fifty day simple moving average is $19.08 and its two-hundred day simple moving average is $18.46. Mattel, Inc. has a one year low of $15.87 and a one year high of $20.59. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly 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. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm posted $1.08 EPS. Mattel's quarterly revenue was down 3.9% compared to the same quarter last year. On average, research analysts forecast that Mattel, Inc. will post 1.46 earnings per share for the current year.

Analyst Ratings Changes

MAT has been the subject of several research reports. Jefferies Financial Group increased their price objective 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. Bank of America lifted their price target on Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. DA Davidson reaffirmed a "buy" rating and set a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. Morgan Stanley lifted their target price on Mattel from $21.00 to $22.00 and gave the company an "equal weight" rating in a research report on Thursday, October 24th. Finally, StockNews.com downgraded Mattel from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $23.75.

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.