Bayforest Capital Ltd Invests $725,000 in Mattel, Inc. (NASDAQ:MAT)

Bayforest Capital Ltd acquired a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,300 shares of the company's stock, valued at approximately $725,000.

Several other institutional investors and hedge funds have also bought and sold shares of MAT. Raymond James Financial Inc. bought a new stake in Mattel during the fourth quarter worth about $660,000. LPL Financial LLC raised its stake in Mattel by 3.9% during the fourth quarter. LPL Financial LLC now owns 24,986 shares of the company's stock worth $443,000 after acquiring an additional 935 shares in the last quarter. Vanguard Group Inc. raised its stake in Mattel by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company's stock worth $587,469,000 after acquiring an additional 355,769 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in Mattel by 26.7% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 126,990 shares of the company's stock worth $2,252,000 after acquiring an additional 26,729 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Mattel by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,008,772 shares of the company's stock worth $17,886,000 after acquiring an additional 206,603 shares in the last quarter. Institutional investors own 97.15% of the company's stock.

Mattel Stock Performance

NASDAQ MAT traded down $0.15 during trading hours on Friday, reaching $16.86. 5,349,731 shares of the company were exchanged, compared to its average volume of 4,183,346. Mattel, Inc. has a 1 year low of $13.94 and a 1 year high of $22.07. The business's 50 day simple moving average is $19.18 and its 200-day simple moving average is $18.85. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $5.44 billion, a P/E ratio of 10.88, a P/E/G ratio of 2.09 and a beta of 0.66.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.09 billion. During the same period in the previous year, the business posted $0.19 EPS. The firm's quarterly revenue was down 5.7% compared to the same quarter last year. On average, equities research analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. The Goldman Sachs Group lowered their target price on Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Wall Street Zen downgraded Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Citigroup boosted their target price on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Roth Capital set a $22.00 price objective on Mattel and gave the company a "neutral" rating in a research note on Friday, July 11th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $30.00 price objective on shares of Mattel in a research note on Thursday, May 15th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.38.

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.