Swiss National Bank Has $12.68 Million Holdings in Mattel, Inc. (NASDAQ:MAT)

Swiss National Bank trimmed its holdings in Mattel, Inc. (NASDAQ:MAT) by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 652,700 shares of the company’s stock after selling 15,800 shares during the quarter. Swiss National Bank owned 0.20% of Mattel worth $12,682,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MAT. Trust Co. of Vermont grew its holdings in shares of Mattel by 995.8% during the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock worth $26,000 after purchasing an additional 1,195 shares in the last quarter. Fifth Third Bancorp boosted its stake in Mattel by 52.9% during the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company’s stock worth $54,000 after buying an additional 962 shares in the last quarter. UMB Bank n.a. increased its holdings in Mattel by 93.5% in the 1st quarter. UMB Bank n.a. now owns 2,995 shares of the company’s stock valued at $58,000 after buying an additional 1,447 shares during the period. Sound Income Strategies LLC raised its stake in shares of Mattel by 10,226.7% in the 1st quarter. Sound Income Strategies LLC now owns 3,098 shares of the company’s stock valued at $60,000 after buying an additional 3,068 shares in the last quarter. Finally, Quarry LP raised its stake in shares of Mattel by 130.3% in the 4th quarter. Quarry LP now owns 3,148 shares of the company’s stock valued at $56,000 after buying an additional 1,781 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Performance

NASDAQ MAT opened at $18.28 on Friday. Mattel, Inc. has a 1-year low of $13.94 and a 1-year high of $22.07. The company has a 50 day moving average of $18.88 and a 200-day moving average of $18.80. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 2.22 and a beta of 0.62.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Mattel had a return on equity of 25.19% and a net margin of 9.87%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.09 billion. The business’s revenue was down 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.19 EPS. On average, equities analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Mattel from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Morgan Stanley lifted their price objective on Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. Roth Capital set a $22.00 price objective on Mattel and gave the company a “neutral” rating in a research note on Friday, July 11th. The Goldman Sachs Group dropped their target price on Mattel from $24.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Finally, DA Davidson restated a “buy” rating and set a $30.00 target price on shares of Mattel in a research report on Thursday, May 15th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $24.38.

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.