Barclays PLC Has $4.19 Million Holdings in Mattel, Inc. (NASDAQ:MAT)

Barclays PLC cut its holdings in shares of Mattel, Inc. (NASDAQ:MATFree Report) by 14.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 190,378 shares of the company’s stock after selling 31,014 shares during the period. Barclays PLC’s holdings in Mattel were worth $4,193,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Money Concepts Capital Corp bought a new stake in Mattel in the 4th quarter worth about $29,000. Belpointe Asset Management LLC grew its position in Mattel by 193.5% in the 1st quarter. Belpointe Asset Management LLC now owns 1,805 shares of the company’s stock worth $33,000 after purchasing an additional 1,190 shares in the last quarter. Pinebridge Investments L.P. grew its position in Mattel by 30.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,425 shares of the company’s stock worth $47,000 after purchasing an additional 559 shares in the last quarter. Delta Asset Management LLC TN grew its position in Mattel by 136,250.0% in the 2nd quarter. Delta Asset Management LLC TN now owns 2,727 shares of the company’s stock worth $53,000 after purchasing an additional 2,725 shares in the last quarter. Finally, Y.D. More Investments Ltd bought a new stake in Mattel in the 3rd quarter worth about $53,000. 93.51% of the stock is owned by institutional investors.

Mattel Stock Performance

Shares of MAT stock opened at $18.89 on Friday. The stock has a market capitalization of $6.67 billion, a P/E ratio of 30.97, a PEG ratio of 1.51 and a beta of 0.96. The company has a current ratio of 2.33, a quick ratio of 1.73 and a debt-to-equity ratio of 1.08. The firm’s 50 day moving average is $18.58 and its 200 day moving average is $19.88. Mattel, Inc. has a 12 month low of $15.36 and a 12 month high of $22.64.

Mattel (NASDAQ:MATGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Mattel had a net margin of 3.94% and a return on equity of 21.25%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, sell-side analysts anticipate that Mattel, Inc. will post 1.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $19.00 price objective (down from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. StockNews.com cut shares of Mattel from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Citigroup assumed coverage on shares of Mattel in a research note on Friday, October 20th. They issued a “buy” rating and a $26.00 target price on the stock. DA Davidson boosted their target price on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Stifel Nicolaus dropped their target price on shares of Mattel from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Read Our Latest Stock Report on MAT

Mattel Company Profile

(Free Report)

Mattel, Inc, a children's and family entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Disney Princess and Frozen, and Polly Pocket brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, and Power wheels brands.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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