New York State Teachers Retirement System Trims Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

New York State Teachers Retirement System decreased its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 4.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 311,929 shares of the company's stock after selling 15,088 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Mattel worth $6,061,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MAT. EdgePoint Investment Group Inc. boosted its stake in Mattel by 14.9% in the fourth quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company's stock valued at $818,681,000 after acquiring an additional 5,984,400 shares in the last quarter. Norges Bank acquired a new stake in Mattel during the 4th quarter valued at $54,929,000. Invesco Ltd. boosted its position in Mattel by 468.3% during the fourth quarter. Invesco Ltd. now owns 3,394,958 shares of the company's stock worth $60,193,000 after acquiring an additional 2,797,559 shares during the last quarter. Freestone Grove Partners LP acquired a new position in shares of Mattel during the 4th quarter valued at about $39,066,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in Mattel in the fourth quarter valued at $33,942,000. Hedge funds and other institutional investors own 97.15% of the company's stock.

Analyst Ratings Changes

MAT has been the topic of several recent analyst reports. DA Davidson reaffirmed a "buy" rating and issued a $30.00 price target on shares of Mattel in a report on Thursday, May 15th. Citigroup upped their price objective on Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Wall Street Zen downgraded Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. The Goldman Sachs Group reduced their price objective on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Morgan Stanley boosted their target price on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Mattel presently has an average rating of "Moderate Buy" and a consensus price target of $24.43.

Mattel Stock Performance

Shares of NASDAQ:MAT traded up $0.01 on Wednesday, reaching $20.10. 957,308 shares of the company's stock were exchanged, compared to its average volume of 3,619,387. 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 company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 2.09 and a beta of 0.66. The company has a fifty day moving average of $18.95 and a 200-day moving average of $18.75. Mattel, Inc. has a twelve month low of $13.95 and a twelve month high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data 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. Mattel had a return on equity of 25.80% and a net margin of 9.82%. The company had revenue of $826.60 million during the quarter, compared to the consensus estimate of $791.49 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. The firm's revenue was up 2.1% compared to the same quarter last year. On average, research analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Mattel 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.