Mattel, Inc. (NASDAQ:MAT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,389,751 shares of the company's stock after selling 174,029 shares during the quarter. Victory Capital Management Inc. owned approximately 1.90% of Mattel worth $121,725,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Private Advisor Group LLC increased its position in shares of Mattel by 4.6% during the first quarter. Private Advisor Group LLC now owns 19,526 shares of the company's stock worth $387,000 after acquiring an additional 860 shares during the period. Janney Montgomery Scott LLC raised its position in Mattel by 43.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,458 shares of the company's stock valued at $286,000 after purchasing an additional 4,359 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in Mattel by 4.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 366,490 shares of the company's stock valued at $6,747,000 after purchasing an additional 15,775 shares in the last quarter. MQS Management LLC lifted its holdings in shares of Mattel by 167.3% in the 1st quarter. MQS Management LLC now owns 45,866 shares of the company's stock worth $909,000 after buying an additional 28,710 shares during the period. Finally, Ariel Investments LLC grew its position in shares of Mattel by 0.7% during 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. Hedge funds and other institutional investors own 97.15% of the company's stock.

Analyst Ratings Changes

MAT has been the subject of several recent research reports. StockNews.com downgraded Mattel from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Morgan Stanley upped their price objective on Mattel from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. DA Davidson reiterated a "buy" rating and issued a $27.00 target price on shares of Mattel in a research note on Thursday, October 24th. Bank of America boosted their target price on shares of Mattel from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $23.75.

Mattel Stock Performance

Shares of MAT stock traded down $0.05 on Wednesday, hitting $18.79. The company had a trading volume of 2,474,255 shares, compared to its average volume of 3,145,705. Mattel, Inc. has a twelve month low of $15.87 and a twelve month 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 firm has a market cap of $6.33 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The company has a 50-day moving average price of $19.10 and a 200-day moving average price of $18.39.

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