Victory Capital Management Inc. Sells 174,029 Shares of Mattel, Inc. (NASDAQ:MAT)

Victory Capital Management Inc. cut its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,389,751 shares of the company’s stock after selling 174,029 shares during the quarter. Victory Capital Management Inc.’s holdings in Mattel were worth $121,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after buying an additional 1,268 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Mattel during the third quarter worth $29,000. GAMMA Investing LLC grew its stake in shares of Mattel by 108.5% in the second quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after purchasing an additional 1,052 shares during the last quarter. Blue Trust Inc. raised its position in Mattel by 143.2% during the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after purchasing an additional 1,220 shares during the last quarter. Finally, CWM LLC raised its position in Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock worth $43,000 after purchasing an additional 1,097 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Trading Down 3.1 %

MAT opened at $18.84 on Wednesday. The company has a market cap of $6.35 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.00 and a beta of 0.78. The company has a fifty day moving average price of $19.10 and a two-hundred day moving average price of $18.38. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $20.59.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the company posted $1.08 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. Analysts predict that Mattel, Inc. will post 1.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MAT shares. JPMorgan Chase & Co. increased their price target on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. StockNews.com lowered shares of Mattel from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Jefferies Financial Group boosted their price target on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. Bank of America increased their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, DA Davidson reaffirmed a “buy” rating and set a $27.00 price target on shares of Mattel in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average 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.