Retirement Systems of Alabama lifted its position in shares of Mattel Inc (NASDAQ:MAT) by 1.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 160,829 shares of the company’s stock after acquiring an additional 2,117 shares during the quarter. Retirement Systems of Alabama’s holdings in Mattel were worth $2,091,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its stake in Mattel by 906.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 373,676 shares of the company’s stock worth $37,000 after purchasing an additional 336,550 shares during the period. Legacy Advisors LLC bought a new stake in shares of Mattel in the 1st quarter worth approximately $39,000. CSat Investment Advisory L.P. grew its position in shares of Mattel by 112.4% in the 4th quarter. CSat Investment Advisory L.P. now owns 5,198 shares of the company’s stock worth $52,000 after buying an additional 2,751 shares during the last quarter. Delta Asset Management LLC TN grew its position in shares of Mattel by 19.2% in the 4th quarter. Delta Asset Management LLC TN now owns 7,100 shares of the company’s stock worth $71,000 after buying an additional 1,145 shares during the last quarter. Finally, Ffcm LLC grew its position in shares of Mattel by 149.7% in the 4th quarter. Ffcm LLC now owns 7,802 shares of the company’s stock worth $78,000 after buying an additional 4,678 shares during the last quarter.
NASDAQ:MAT traded down $0.08 during mid-day trading on Wednesday, hitting $10.93. 5,213,213 shares of the company traded hands, compared to its average volume of 6,222,866. Mattel Inc has a one year low of $9.09 and a one year high of $17.98. The company has a debt-to-equity ratio of 5.50, a quick ratio of 1.27 and a current ratio of 1.88. The firm has a market capitalization of $3.84 billion, a PE ratio of -9.59 and a beta of 1.41.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.12. The firm had revenue of $689.20 million during the quarter, compared to analyst estimates of $652.36 million. Mattel had a negative return on equity of 42.68% and a negative net margin of 8.98%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.60) earnings per share. Equities analysts forecast that Mattel Inc will post -0.54 earnings per share for the current fiscal year.
In related news, CEO Ynon Kreiz acquired 71,425 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were acquired at an average cost of $14.02 per share, for a total transaction of $1,001,378.50. Following the completion of the transaction, the chief executive officer now directly owns 71,425 shares in the company, valued at approximately $1,001,378.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Dolan acquired 30,000 shares of the firm’s stock in a transaction on Friday, February 22nd. The shares were bought at an average price of $13.96 per share, for a total transaction of $418,800.00. Following the completion of the transaction, the director now owns 130,920 shares of the company’s stock, valued at $1,827,643.20. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 121,425 shares of company stock valued at $1,699,179. 1.00% of the stock is owned by corporate insiders.
Several research firms recently weighed in on MAT. BidaskClub upgraded Mattel from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. ValuEngine upgraded Mattel from a “hold” rating to a “buy” rating in a research report on Tuesday, March 19th. Zacks Investment Research upgraded Mattel from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Wednesday, February 13th. MKM Partners lifted their price target on Mattel to $15.00 and gave the company a “neutral” rating in a research report on Monday, February 11th. Finally, Cfra lowered Mattel to a “sell” rating and set a $13.00 price target on the stock. in a research report on Friday, February 8th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Mattel presently has an average rating of “Hold” and a consensus price target of $14.31.
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Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.
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