Victory Capital Management Inc. Has $142.38 Million Stake in Mattel, Inc. (NASDAQ:MAT)

Victory Capital Management Inc. increased its position in Mattel, Inc. (NASDAQ:MAT) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,541,422 shares of the company’s stock after purchasing an additional 861,638 shares during the period. Victory Capital Management Inc. owned approximately 2.13% of Mattel worth $142,382,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Trust Co. of Vermont boosted its stake in Mattel by 833.3% during the 3rd quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. Clearstead Advisors LLC bought a new position in shares of Mattel in the third quarter valued at approximately $52,000. Y.D. More Investments Ltd bought a new position in shares of Mattel in the third quarter valued at approximately $53,000. Fifth Third Bancorp boosted its position in shares of Mattel by 23.3% during the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock valued at $64,000 after buying an additional 550 shares during the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA bought a new stake in Mattel during the third quarter worth $128,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Performance

Shares of MAT opened at $18.08 on Thursday. The stock’s 50-day simple moving average is $19.23 and its 200 day simple moving average is $19.00. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 1.17 and a beta of 0.98. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.88 and a current ratio of 2.49. Mattel, Inc. has a 52-week low of $16.20 and a 52-week high of $22.64.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The business had revenue of $809.50 million for the quarter, compared to analysts’ expectations of $833.52 million. During the same quarter in the prior year, the firm posted ($0.24) EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. Research analysts forecast that Mattel, Inc. will post 1.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MAT has been the topic of several analyst reports. Roth Mkm restated a “neutral” rating and set a $21.00 price target on shares of Mattel in a report on Wednesday, April 24th. DA Davidson increased their price target on Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. TheStreet downgraded Mattel from a “b-” rating to a “c+” rating in a research note on Wednesday, January 24th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $19.00 price objective (down previously from $25.00) on shares of Mattel in a research note on Wednesday, January 17th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.78.

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.