Mattel, Inc. (NASDAQ:MAT) Holdings Trimmed by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd cut its holdings in Mattel, Inc. (NASDAQ:MAT) by 62.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,600 shares of the company’s stock after selling 45,050 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Mattel were worth $507,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in Mattel in the 1st quarter worth about $76,000. DekaBank Deutsche Girozentrale acquired a new position in Mattel in the 1st quarter valued at approximately $76,000. GAMMA Investing LLC lifted its position in Mattel by 108.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after buying an additional 1,052 shares in the last quarter. CWM LLC boosted its stake in shares of Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after buying an additional 1,097 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Mattel during the 2nd quarter valued at $312,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Trading Down 0.5 %

Shares of MAT stock opened at $18.92 on Tuesday. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $20.59. The company has a market cap of $6.37 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.98 and a beta of 0.78. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average is $19.04 and its two-hundred day moving average is $18.39.

Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business posted $1.08 EPS. Equities analysts predict that Mattel, Inc. will post 1.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley lifted their price objective on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Bank of America lifted their target price on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, DA Davidson restated a “buy” rating and set a $27.00 price target on shares of Mattel in a research note on Thursday, October 24th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $23.75.

Mattel Company 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.