Mattel, Inc. (NASDAQ:MAT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of Mattel, Inc. (NASDAQ:MATFree Report) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,200 shares of the company’s stock after selling 32,000 shares during the period. New York State Common Retirement Fund owned 0.08% of Mattel worth $5,120,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MAT. Commonwealth Equity Services LLC increased its position in Mattel by 11.6% during the third quarter. Commonwealth Equity Services LLC now owns 19,199 shares of the company’s stock worth $423,000 after buying an additional 1,988 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in Mattel during the third quarter worth approximately $286,000. Xponance Inc. grew its stake in shares of Mattel by 6.1% in the 3rd quarter. Xponance Inc. now owns 45,618 shares of the company’s stock valued at $1,005,000 after purchasing an additional 2,629 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Mattel in the 3rd quarter valued at approximately $468,000. Finally, J.W. Cole Advisors Inc. grew its stake in shares of Mattel by 57.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 17,495 shares of the company’s stock valued at $385,000 after purchasing an additional 6,375 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MAT shares. Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 target price (down from $25.00) on shares of Mattel in a research note on Wednesday, January 17th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. JPMorgan Chase & Co. lowered Mattel from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $24.00 to $19.00 in a report on Monday, February 5th. Bank of America upped their target price on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Roth Mkm reissued a “neutral” rating and issued a $21.00 target price on shares of Mattel in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.78.

Read Our Latest Report on MAT

Mattel Stock Up 0.1 %

Shares of NASDAQ:MAT opened at $18.45 on Friday. The company has a quick ratio of 1.88, a current ratio of 2.49 and a debt-to-equity ratio of 1.15. Mattel, Inc. has a 52-week low of $16.20 and a 52-week high of $22.64. The stock’s fifty day simple moving average is $19.15 and its 200-day simple moving average is $18.96. The company has a market capitalization of $6.35 billion, a P/E ratio of 22.23, a P/E/G ratio of 1.17 and a beta of 0.98.

Mattel (NASDAQ:MATGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $833.52 million. During the same period in the prior year, the business earned ($0.24) earnings per share. The business’s revenue was down .6% on a year-over-year basis. As a group, equities research analysts forecast that Mattel, Inc. will post 1.4 earnings per share for the current fiscal year.

About Mattel

(Free Report)

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.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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