Louisiana State Employees Retirement System Buys New Stake in Mattel, Inc. (NASDAQ:MAT)

Louisiana State Employees Retirement System bought a new stake in Mattel, Inc. (NASDAQ:MAT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 99,200 shares of the company’s stock, valued at approximately $1,873,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Vermont boosted its position in Mattel by 833.3% in the third quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares in the last quarter. Money Concepts Capital Corp acquired a new position in Mattel in the fourth quarter valued at about $29,000. Belpointe Asset Management LLC boosted its position in Mattel by 193.5% in the first quarter. Belpointe Asset Management LLC now owns 1,805 shares of the company’s stock valued at $33,000 after buying an additional 1,190 shares in the last quarter. Clearstead Advisors LLC acquired a new position in Mattel in the third quarter valued at about $52,000. Finally, Y.D. More Investments Ltd acquired a new position in shares of Mattel during the third quarter worth approximately $53,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Trading Up 0.7 %

MAT opened at $18.17 on Friday. The firm’s fifty day moving average is $19.33 and its two-hundred day moving average is $19.16. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.90 and a current ratio of 2.33. The firm has a market cap of $6.25 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 1.20 and a beta of 0.95. Mattel, Inc. has a twelve month low of $16.20 and a twelve month high of $22.64.

Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, February 7th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.65 billion. Mattel had a return on equity of 21.25% and a net margin of 3.94%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $0.18 earnings per share. Equities research analysts anticipate that Mattel, Inc. will post 1.37 EPS for the current year.

Wall Street Analysts Forecast Growth

MAT has been the topic of a number of research reports. Stifel Nicolaus reduced their target price on shares of Mattel from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Morgan Stanley reiterated an “equal weight” rating and set a $19.00 target price (down from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. Roth Capital lowered shares of Mattel from a “buy” rating to a “neutral” rating in a research report on Thursday, January 4th. DA Davidson upped their target price on shares of Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. lowered shares of Mattel from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $24.00 to $19.00 in a research report on Monday, February 5th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.13.

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.