Public Employees Retirement System of Ohio Sells 7,288 Shares of Mattel, Inc. (NASDAQ:MAT)

Public Employees Retirement System of Ohio reduced its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 5.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,343 shares of the company’s stock after selling 7,288 shares during the period. Public Employees Retirement System of Ohio’s holdings in Mattel were worth $2,426,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in shares of Mattel by 584.3% during the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after acquiring an additional 1,268 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Mattel in the third quarter worth approximately $29,000. Prospera Private Wealth LLC purchased a new stake in shares of Mattel in the third quarter worth $34,000. Blue Trust Inc. raised its position in shares of Mattel by 143.2% during the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after purchasing an additional 1,220 shares during the period. Finally, CWM LLC lifted 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 in the last quarter. 97.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. DA Davidson reissued a “buy” rating and set a $27.00 target price on shares of Mattel in a research note on Thursday, October 24th. StockNews.com lowered shares of Mattel from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Bank of America boosted their target price on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group upped their target price 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. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.75.

Mattel Stock Performance

Shares of NASDAQ:MAT opened at $18.66 on Wednesday. The firm has a fifty day simple moving average of $19.05 and a two-hundred day simple moving average of $18.49. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $20.59. 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 stock has a market capitalization of $6.29 billion, a P/E ratio of 11.66, a PEG ratio of 0.99 and a beta of 0.76.

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

About Mattel

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.