HS Management Partners LLC Decreases Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

HS Management Partners LLC lessened its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,257,300 shares of the company's stock after selling 142,400 shares during the period. Mattel accounts for approximately 3.5% of HS Management Partners LLC's investment portfolio, making the stock its 16th biggest position. HS Management Partners LLC owned approximately 0.70% of Mattel worth $43,859,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Private Client Services LLC purchased a new stake in shares of Mattel in the 1st quarter valued at approximately $868,000. Principal Financial Group Inc. boosted its position in shares of Mattel by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 775,203 shares of the company's stock worth $15,062,000 after purchasing an additional 2,601 shares during the period. Magnetar Financial LLC purchased a new position in shares of Mattel during the 4th quarter worth approximately $944,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Mattel during the 1st quarter worth approximately $475,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of Mattel during the 1st quarter worth approximately $375,000. Institutional investors and hedge funds own 97.15% of the company's stock.

Wall Street Analysts Forecast Growth

MAT has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their price objective on shares of Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen lowered shares of Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Citigroup raised their price target on shares of Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a research report on Monday, June 16th. DA Davidson reissued a "buy" rating and issued a $30.00 price target on shares of Mattel in a research report on Thursday, May 15th. Finally, Roth Capital set a $22.00 price target on shares of Mattel and gave the company a "neutral" rating in a research report on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.13.

Mattel Stock Down 0.6%

Shares of Mattel stock traded down $0.11 during trading on Friday, hitting $19.38. 3,000,531 shares of the stock were exchanged, compared to its average volume of 3,633,818. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 2.00 and a beta of 0.66. The firm's 50-day moving average price is $19.46 and its 200 day moving average price is $18.86. Mattel, Inc. has a 12-month low of $13.95 and a 12-month high of $22.07. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.43 and a quick ratio of 1.86.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.08. Mattel had a net margin of 9.82% and a return on equity of 25.80%. The firm had revenue of $826.60 million for the quarter, compared to analyst estimates of $791.49 million. During the same period last year, the business earned ($0.05) EPS. Mattel's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

About Mattel

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.