Retirement Systems of Alabama Sells 236,476 Shares of Mattel, Inc. (NASDAQ:MAT)

Retirement Systems of Alabama trimmed its holdings in Mattel, Inc. (NASDAQ:MAT) by 34.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 442,405 shares of the company’s stock after selling 236,476 shares during the quarter. Retirement Systems of Alabama owned approximately 0.13% of Mattel worth $8,353,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MAT. Trust Co. of Vermont boosted its stake in Mattel by 833.3% during the third quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares during the last quarter. Clearstead Advisors LLC bought a new position in shares of Mattel during the 3rd quarter valued at approximately $52,000. Y.D. More Investments Ltd purchased a new position in shares of Mattel in the third quarter valued at $53,000. Fifth Third Bancorp increased its position in Mattel by 23.3% in the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock worth $64,000 after purchasing an additional 550 shares during the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new stake in Mattel during the third quarter valued at $128,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Trading Up 0.1 %

NASDAQ MAT opened at $18.45 on Friday. The stock has a market cap of $6.35 billion, a PE ratio of 22.23, a PEG ratio of 1.17 and a beta of 0.98. Mattel, Inc. has a 12 month low of $16.20 and a 12 month high of $22.64. The company’s 50-day moving average price is $19.15 and its 200-day moving average price is $18.98. The company has a current ratio of 2.49, a quick ratio of 1.88 and a debt-to-equity ratio of 1.15.

Mattel (NASDAQ:MAT) last issued its 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 net margin of 5.38% and a return on equity of 24.32%. 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 firm earned ($0.24) EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts forecast that Mattel, Inc. will post 1.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MAT shares. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. DA Davidson upped their price objective on Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. cut Mattel from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $24.00 to $19.00 in a report on Monday, February 5th. Jefferies Financial Group boosted their target price on Mattel from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Finally, Roth Mkm restated a “neutral” rating and issued a $21.00 price target on shares of Mattel in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $22.78.

Mattel Profile

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.