Principal Financial Group Inc. decreased its position in shares of Mattel, Inc. (NASDAQ:MAT – Free Report) by 31.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 787,022 shares of the company’s stock after selling 358,736 shares during the quarter. Principal Financial Group Inc.’s holdings in Mattel were worth $14,993,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in MAT. Pacer Advisors Inc. grew its stake in shares of Mattel by 20,152.4% during the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after acquiring an additional 10,940,943 shares during the period. LSV Asset Management bought a new position in shares of Mattel during the 2nd quarter worth $32,559,000. Dimensional Fund Advisors LP boosted its stake in Mattel by 34.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after purchasing an additional 1,479,227 shares during the period. Millennium Management LLC boosted its stake in Mattel by 92.5% in the 2nd quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock worth $39,947,000 after purchasing an additional 1,180,301 shares during the period. Finally, Capital International Investors boosted its stake in Mattel by 4.6% in the 1st quarter. Capital International Investors now owns 19,231,375 shares of the company’s stock worth $380,974,000 after purchasing an additional 845,368 shares during the period. Institutional investors own 97.15% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Bank of America raised their target price on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Morgan Stanley raised their target price on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. DA Davidson restated a “buy” rating and issued a $27.00 target price on shares of Mattel in a research note on Thursday, October 24th. Finally, Jefferies Financial Group raised their target price on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Mattel presently has an average rating of “Hold” and a consensus target price of $23.75.
Mattel Stock Performance
Shares of MAT opened at $18.67 on Friday. The company has a market cap of $6.29 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The stock has a 50-day moving average price of $19.11 and a 200-day moving average price of $18.39. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $20.59.
Mattel (NASDAQ:MAT – Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. Mattel’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the firm posted $1.08 EPS. As a group, equities analysts forecast that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.
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.
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