Mattel, Inc. (NASDAQ:MAT) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lessened its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 46.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,002 shares of the company's stock after selling 118,678 shares during the quarter. Van ECK Associates Corp's holdings in Mattel were worth $2,471,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MAT. Capital International Investors boosted its position in Mattel by 4.6% during the first quarter. Capital International Investors now owns 19,231,375 shares of the company's stock worth $380,974,000 after purchasing an additional 845,368 shares in the last quarter. Ariel Investments LLC boosted its position in shares of Mattel by 0.7% in the 1st quarter. Ariel Investments LLC now owns 15,583,293 shares of the company's stock worth $308,705,000 after buying an additional 112,786 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Mattel by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company's stock valued at $231,487,000 after acquiring an additional 180,855 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Mattel by 20,152.4% during the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company's stock valued at $178,783,000 after acquiring an additional 10,940,943 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Mattel by 34.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company's stock valued at $94,215,000 after acquiring an additional 1,479,227 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target 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. DA Davidson reaffirmed a "buy" rating and issued a $27.00 target price on shares of Mattel in a research note on Thursday, October 24th. Jefferies Financial Group raised their price target on Mattel from $18.25 to $20.00 and gave the stock a "hold" rating in a research report on Tuesday, October 1st. StockNews.com lowered Mattel from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Morgan Stanley boosted their target price on shares of Mattel from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Mattel has an average rating of "Hold" and an average price target of $23.75.

Mattel Trading Down 0.5 %

Shares of MAT stock traded down $0.10 during trading hours on Monday, hitting $19.45. 1,957,949 shares of the company were exchanged, compared to its average volume of 3,148,854. The firm has a fifty day moving average of $19.08 and a 200 day moving average of $18.37. 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, Inc. has a 1 year low of $15.87 and a 1 year high of $20.59. The firm has a market cap of $6.55 billion, a PE ratio of 12.22, a PEG ratio of 1.01 and a beta of 0.78.

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

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.