Mattel, Inc. (NASDAQ:MAT) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its position in Mattel, Inc. (NASDAQ:MAT) by 2.8% in the third quarter, Holdings Channel reports. The firm owned 412,897 shares of the company’s stock after selling 11,806 shares during the quarter. Retirement Systems of Alabama’s holdings in Mattel were worth $7,866,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAT. CWM LLC increased its stake in Mattel by 71.0% during the second quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after purchasing an additional 1,097 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Mattel in the 2nd quarter valued at about $312,000. Assenagon Asset Management S.A. bought a new stake in shares of Mattel during the 2nd quarter valued at about $1,579,000. Blue Trust Inc. raised its stake in Mattel by 143.2% during the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after acquiring an additional 1,220 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new position in Mattel in the second quarter worth about $189,000. 97.15% of the stock is owned by institutional investors.

Mattel Price Performance

Shares of NASDAQ MAT opened at $18.66 on Wednesday. The firm’s 50-day simple moving average is $19.05 and its 200 day simple moving average is $18.49. The stock has a market cap of $6.29 billion, a P/E ratio of 11.66, a P/E/G ratio of 0.99 and a beta of 0.76. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $20.59.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. Mattel’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 EPS. Equities analysts expect that Mattel, Inc. will post 1.46 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on MAT shares. StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Jefferies Financial Group increased their target price on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. raised their target price on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Morgan Stanley upped their price target on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Finally, Bank of America lifted their price objective on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.75.

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.