Thompson Investment Management Inc. increased its stake in Mattel, Inc. (NASDAQ:MAT) by 36.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 38,065 shares of the company’s stock after purchasing an additional 10,245 shares during the quarter. Thompson Investment Management Inc.’s holdings in Mattel were worth $589,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of MAT. Thrivent Financial For Lutherans lifted its holdings in Mattel by 5.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 12,640 shares of the company’s stock worth $324,000 after purchasing an additional 690 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Mattel by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,345,746 shares of the company’s stock worth $34,463,000 after buying an additional 11,301 shares during the period. Xact Kapitalforvaltning AB increased its position in Mattel by 2.8% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 39,353 shares of the company’s stock worth $847,000 after buying an additional 1,062 shares during the period. Creative Planning increased its position in Mattel by 14.3% in the 2nd quarter. Creative Planning now owns 22,023 shares of the company’s stock worth $474,000 after buying an additional 2,760 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its position in Mattel by 509.3% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 55,584 shares of the company’s stock worth $1,197,000 after buying an additional 46,462 shares during the period. Hedge funds and other institutional investors own 95.89% of the company’s stock.
Shares of Mattel, Inc. (NASDAQ MAT) traded down $0.10 during trading hours on Friday, reaching $18.22. The company’s stock had a trading volume of 13,334,800 shares, compared to its average volume of 7,989,041. Mattel, Inc. has a 52-week low of $12.71 and a 52-week high of $32.43. The company has a market capitalization of $6,350.00, a PE ratio of 122.13, a price-to-earnings-growth ratio of 47.11 and a beta of 0.88. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.
Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.49). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company earned $0.70 earnings per share. The business’s revenue was down 13.1% on a year-over-year basis. equities research analysts forecast that Mattel, Inc. will post 0.04 earnings per share for the current fiscal year.
MAT has been the topic of several recent analyst reports. Monness Crespi & Hardt lifted their price target on Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. TheStreet downgraded Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th. BMO Capital Markets lifted their price target on Mattel from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. BidaskClub raised Mattel from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 14th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $17.00 price target on shares of Mattel in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $21.46.
Mattel Company Profile
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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