Teacher Retirement System of Texas Has $4.89 Million Stock Position in Mattel, Inc. (NASDAQ:MAT)

Teacher Retirement System of Texas raised its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 18.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 251,398 shares of the company's stock after acquiring an additional 39,834 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of Mattel worth $4,885,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MAT. Private Client Services LLC purchased a new position in Mattel in the first quarter valued at about $868,000. Magnetar Financial LLC bought a new position in Mattel during the 4th quarter worth approximately $944,000. Envestnet Portfolio Solutions Inc. bought a new position in Mattel during the 1st quarter worth approximately $375,000. Arrowstreet Capital Limited Partnership lifted its holdings in Mattel by 34.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company's stock worth $37,760,000 after buying an additional 545,300 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Mattel by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company's stock worth $587,469,000 after buying an additional 355,769 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Performance

MAT traded up $0.09 during trading hours on Tuesday, hitting $20.09. The company's stock had a trading volume of 4,232,344 shares, compared to its average volume of 3,627,161. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. The company has a current ratio of 2.43, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $6.49 billion, a PE ratio of 12.88, a PEG ratio of 2.10 and a beta of 0.66. The company has a 50-day simple moving average of $18.87 and a 200 day simple moving average of $18.74.

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, beating the consensus estimate of ($0.11) by $0.08. The company had revenue of $826.60 million for the quarter, compared to analysts' expectations of $791.49 million. Mattel had a return on equity of 25.80% and a net margin of 9.82%. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm earned ($0.05) EPS. As a group, sell-side analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MAT shares. The Goldman Sachs Group reduced 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. Citigroup raised their price target on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, June 16th. DA Davidson reissued a "buy" rating and issued a $30.00 price target on shares of Mattel in a report on Thursday, May 15th. Wall Street Zen downgraded Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, Morgan Stanley raised their price target on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Mattel currently has a consensus rating of "Moderate Buy" and an average target price of $24.43.

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.