Natixis Advisors LLC Grows Holdings in Mattel, Inc. (NASDAQ:MAT)

Key Points

• Natixis Advisors LLC increased its stake in Mattel, Inc. by 90.2% in the first quarter, owning 47,890 shares worth approximately $931,000.
• Other institutional investors also significantly increased their holdings, with Trust Co. of Vermont growing its stake by 995.8% and Sound Income Strategies LLC by an astounding 10,226.7%.
• Despite reporting earnings of $0.19 EPS which beat estimates, Mattel's revenue for the quarter was down 5.7% year-over-year, totaling $1.02 billion.

Natixis Advisors LLC grew its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 90.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 47,890 shares of the company's stock after acquiring an additional 22,705 shares during the period. Natixis Advisors LLC's holdings in Mattel were worth $931,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trust Co. of Vermont grew its holdings in shares of Mattel by 995.8% in the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock valued at $26,000 after purchasing an additional 1,195 shares in the last quarter. Fifth Third Bancorp lifted its stake in Mattel by 52.9% in the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock worth $54,000 after acquiring an additional 962 shares during the last quarter. Quarry LP lifted its stake in Mattel by 130.3% in the fourth quarter. Quarry LP now owns 3,148 shares of the company's stock worth $56,000 after acquiring an additional 1,781 shares during the last quarter. UMB Bank n.a. lifted its stake in Mattel by 93.5% in the first quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock worth $58,000 after acquiring an additional 1,447 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in shares of Mattel by 10,226.7% in the 1st 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. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Trading Down 0.9%

Shares of Mattel stock opened at $17.13 on Friday. The company has a fifty day simple moving average of $18.94 and a 200-day simple moving average of $18.81. Mattel, Inc. has a 12-month low of $13.94 and a 12-month high of $22.07. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 2.09 and a beta of 0.62.

Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results 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 net margin of 9.87% and a return on equity of 25.19%. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the prior year, the business posted $0.19 EPS. The company's revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Wall Street Zen downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. increased their price objective on shares of Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Citigroup increased their price objective 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. Finally, DA Davidson reissued a "buy" rating and issued a $30.00 price objective on shares of Mattel in a research report on Thursday, May 15th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Mattel has an average rating of "Moderate Buy" and an average target price of $24.38.

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.

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