596,618 Shares in Mattel, Inc. (NASDAQ:MAT) Bought by Galvin Gaustad & Stein LLC

Key Points

• Galvin Gaustad & Stein LLC acquired 596,618 shares of Mattel, Inc. worth approximately $11.6 million, representing a 0.18% ownership in the company.
• Wall Street analysts have mixed views on Mattel's stock, with ratings ranging from "hold" to "buy" and target prices varying from $17.00 to $30.00.
• Mattel reported a quarterly revenue of $1.02 billion, which is a 5.7% decrease year-over-year, while beating EPS estimates by $0.03 at $0.19.

Galvin Gaustad & Stein LLC acquired a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 596,618 shares of the company's stock, valued at approximately $11,592,000. Galvin Gaustad & Stein LLC owned 0.18% of Mattel at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trust Co. of Vermont grew its holdings in Mattel by 995.8% during the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock worth $26,000 after acquiring an additional 1,195 shares during the period. Fifth Third Bancorp grew its holdings in Mattel by 52.9% in the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock valued at $54,000 after purchasing an additional 962 shares during the last quarter. Quarry LP grew its holdings in Mattel by 130.3% in the fourth quarter. Quarry LP now owns 3,148 shares of the company's stock valued at $56,000 after purchasing an additional 1,781 shares during the last quarter. UMB Bank n.a. grew its holdings in Mattel by 93.5% in the first quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock valued at $58,000 after purchasing an additional 1,447 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in Mattel by 10,226.7% in the first quarter. Sound Income Strategies LLC now owns 3,098 shares of the company's stock valued at $60,000 after purchasing an additional 3,068 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Wall Street Analysts Forecast Growth

MAT has been the topic of several research reports. Wall Street Zen lowered Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Morgan Stanley upped their target price on Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Citigroup upped their target price on Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a report on Monday, June 16th. DA Davidson reissued a "buy" rating and issued a $30.00 target price on shares of Mattel in a report on Thursday, May 15th. Finally, The Goldman Sachs Group lowered their target price on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Mattel presently has an average rating of "Moderate Buy" and a consensus price target of $24.38.

Mattel Stock Up 3.2%

Shares of NASDAQ:MAT opened at $17.43 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. Mattel, Inc. has a 52-week low of $13.94 and a 52-week high of $22.07. The stock's fifty day simple moving average is $19.37 and its 200-day simple moving average is $18.88. The company has a market capitalization of $5.63 billion, a P/E ratio of 11.25, a P/E/G ratio of 2.14 and a beta of 0.66.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Mattel had a return on equity of 25.19% and a net margin of 9.87%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business earned $0.19 earnings per share. The business's revenue was down 5.7% on a year-over-year basis. As a group, equities research analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

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.

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