Texas Permanent School Fund Corp Decreases Stake in Mattel, Inc. (NASDAQ:MAT)

Texas Permanent School Fund Corp reduced its stake in shares of Mattel, Inc. (NASDAQ:MATFree Report) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,633 shares of the company’s stock after selling 10,888 shares during the quarter. Texas Permanent School Fund Corp owned about 0.08% of Mattel worth $6,623,000 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. Franklin Resources Inc. grew its stake in Mattel by 16,991.4% during the 2nd quarter. Franklin Resources Inc. now owns 4,037,852 shares of the company’s stock worth $78,900,000 after buying an additional 4,014,227 shares during the last quarter. HS Management Partners LLC bought a new position in Mattel during the 3rd quarter worth $83,491,000. Norges Bank bought a new position in shares of Mattel in the fourth quarter worth $60,820,000. Point72 Asset Management L.P. grew its stake in shares of Mattel by 30.2% in the second quarter. Point72 Asset Management L.P. now owns 4,717,191 shares of the company’s stock worth $92,174,000 after purchasing an additional 1,095,461 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Mattel in the second quarter worth $20,704,000. 93.51% of the stock is currently owned by institutional investors.

Mattel Stock Up 0.1 %

Shares of Mattel stock opened at $18.89 on Monday. The stock has a 50-day moving average price of $18.58 and a 200 day moving average price of $19.87. The company has a market cap of $6.67 billion, a P/E ratio of 30.97, a P/E/G ratio of 1.26 and a beta of 0.96. The company has a current ratio of 2.33, a quick ratio of 1.90 and a debt-to-equity ratio of 1.08. Mattel, Inc. has a 1 year low of $15.36 and a 1 year high of $22.64.

Mattel (NASDAQ:MATGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). Mattel had a return on equity of 21.25% and a net margin of 3.94%. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the company posted $0.18 earnings per share. The firm’s revenue was up 15.6% on a year-over-year basis. As a group, analysts expect that Mattel, Inc. will post 1.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MAT shares. TheStreet cut Mattel from a “b-” rating to a “c+” rating in a research note on Wednesday, January 24th. StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. cut Mattel from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $24.00 to $19.00 in a research note on Monday, February 5th. Citigroup started coverage on Mattel in a research note on Friday, October 20th. They issued a “buy” rating and a $26.00 price target for the company. Finally, Stifel Nicolaus decreased 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. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.75.

View Our Latest Stock Analysis on Mattel

Mattel 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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