Mattel, Inc. (NASDAQ:MAT) Stock Holdings Reduced by Hennessy Advisors Inc.

Hennessy Advisors Inc. trimmed its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,735,300 shares of the company's stock after selling 267,400 shares during the period. Mattel comprises about 1.8% of Hennessy Advisors Inc.'s portfolio, making the stock its 7th largest position. Hennessy Advisors Inc. owned approximately 0.85% of Mattel worth $53,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in shares of Mattel by 1.9% in the 4th quarter. Rhumbline Advisers now owns 928,192 shares of the company's stock valued at $16,457,000 after buying an additional 17,590 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Mattel in the 4th quarter valued at about $1,025,000. CIBC Asset Management Inc raised its position in shares of Mattel by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 10,962 shares of the company's stock valued at $194,000 after purchasing an additional 601 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Mattel by 175.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock valued at $83,000 after purchasing an additional 2,972 shares during the last quarter. Finally, Kestra Investment Management LLC raised its position in shares of Mattel by 45.5% in the 4th quarter. Kestra Investment Management LLC now owns 45,349 shares of the company's stock valued at $804,000 after purchasing an additional 14,185 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors.

Mattel Trading Down 2.6%

NASDAQ MAT traded down $0.50 during trading hours on Friday, reaching $18.80. The company had a trading volume of 1,885,643 shares, compared to its average volume of 3,741,899. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $6.07 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 2.35 and a beta of 0.66. The stock has a 50-day moving average of $17.44 and a 200 day moving average of $18.66. Mattel, Inc. has a 1-year low of $13.95 and a 1-year high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.08. The company had revenue of $826.60 million for the quarter, compared to analyst estimates of $791.49 million. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share. As a group, research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. DA Davidson reaffirmed a "buy" rating and issued a $30.00 price objective on shares of Mattel in a research report on Thursday, May 15th. Citigroup lifted their target price on shares of Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. The Goldman Sachs Group cut their target price on shares of Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Morgan Stanley boosted their price target on shares of Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, Wall Street Zen raised shares of Mattel from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.14.

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.