IFM Investors Pty Ltd bought a new position in shares of Mattel, Inc. (NASDAQ:MAT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,105 shares of the company’s stock, valued at approximately $239,000.
Several other institutional investors have also recently bought and sold shares of MAT. Cleararc Capital Inc. raised its stake in Mattel by 0.8% in the first quarter. Cleararc Capital Inc. now owns 8,394 shares of the company’s stock worth $215,000 after buying an additional 69 shares in the last quarter. Ffcm LLC raised its stake in Mattel by 0.9% in the first quarter. Ffcm LLC now owns 13,168 shares of the company’s stock worth $338,000 after buying an additional 116 shares in the last quarter. Sentry Investment Management LLC raised its stake in Mattel by 0.6% in the first quarter. Sentry Investment Management LLC now owns 25,692 shares of the company’s stock worth $658,000 after buying an additional 145 shares in the last quarter. Advantus Capital Management Inc raised its stake in Mattel by 0.6% in the first quarter. Advantus Capital Management Inc now owns 34,314 shares of the company’s stock worth $879,000 after buying an additional 191 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Mattel by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock worth $456,000 after buying an additional 200 shares in the last quarter. Institutional investors own 93.81% of the company’s stock.
In related news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were acquired at an average price of $19.61 per share, for a total transaction of $248,262.60. Following the purchase, the chief executive officer now owns 116,788 shares of the company’s stock, valued at approximately $2,290,212.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.
A number of equities analysts recently issued reports on the stock. DA Davidson decreased their price target on shares of Mattel from $14.00 to $13.00 and set an “underperform” rating for the company in a research note on Friday. UBS AG reissued a “buy” rating and issued a $23.00 price target on shares of Mattel in a research note on Saturday, September 16th. BidaskClub raised shares of Mattel from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $17.00 target price on shares of Mattel in a research note on Thursday, September 7th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $19.00 target price on shares of Mattel in a research note on Tuesday, September 5th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $24.12.
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Shares of Mattel, Inc. (NASDAQ:MAT) opened at 14.52 on Friday. The company has a market cap of $4.98 billion, a P/E ratio of 20.83 and a beta of 0.87. Mattel, Inc. has a 12 month low of $14.39 and a 12 month high of $33.23. The company’s 50 day moving average is $16.82 and its 200 day moving average is $21.28.
Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The firm had revenue of $974.50 million for the quarter, compared to the consensus estimate of $972.36 million. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.02) EPS. On average, equities research analysts predict that Mattel, Inc. will post $0.78 EPS for the current fiscal year.
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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