Mattel, Inc. (NASDAQ:MAT) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in Mattel, Inc. (NASDAQ:MAT) by 34.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 442,405 shares of the company’s stock after selling 236,476 shares during the quarter. Retirement Systems of Alabama’s holdings in Mattel were worth $8,353,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MAT. Vanguard Group Inc. grew its stake in Mattel by 0.4% during the third quarter. Vanguard Group Inc. now owns 34,317,700 shares of the company’s stock worth $756,019,000 after buying an additional 142,123 shares during the period. HS Management Partners LLC increased its holdings in Mattel by 21.5% in the 4th quarter. HS Management Partners LLC now owns 4,603,400 shares of the company’s stock valued at $86,912,000 after purchasing an additional 813,500 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Mattel by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,879,277 shares of the company’s stock valued at $85,460,000 after purchasing an additional 122,732 shares in the last quarter. Jericho Capital Asset Management L.P. purchased a new position in Mattel in the third quarter valued at about $76,819,000. Finally, Swiss National Bank lifted its stake in shares of Mattel by 1.0% during the third quarter. Swiss National Bank now owns 778,000 shares of the company’s stock worth $17,139,000 after purchasing an additional 7,400 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus lowered their target price on Mattel from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Jefferies Financial Group lifted their price objective on shares of Mattel from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, March 15th. TheStreet downgraded shares of Mattel from a “b-” rating to a “c+” rating in a research note on Wednesday, January 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $19.00 price target (down from $25.00) on shares of Mattel in a report on Wednesday, January 17th. Finally, DA Davidson boosted their price objective on shares of Mattel from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Mattel has a consensus rating of “Moderate Buy” and an average target price of $22.78.

Mattel Price Performance

MAT opened at $18.45 on Friday. The company has a market capitalization of $6.35 billion, a P/E ratio of 22.23, a PEG ratio of 1.17 and a beta of 0.98. The company has a 50-day moving average of $19.15 and a 200-day moving average of $18.98. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.88 and a current ratio of 2.49. Mattel, Inc. has a 1-year low of $16.20 and a 1-year high of $22.64.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The business had revenue of $809.50 million during the quarter, compared to the consensus estimate of $833.52 million. During the same period last year, the firm earned ($0.24) earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts expect that Mattel, Inc. will post 1.4 EPS for the current fiscal year.

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.