Nuveen Asset Management LLC Sells 391,358 Shares of Mattel, Inc. (NASDAQ:MAT)

Nuveen Asset Management LLC decreased its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 33.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 765,235 shares of the company's stock after selling 391,358 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.23% of Mattel worth $13,568,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in Mattel by 6.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 27,415 shares of the company's stock worth $486,000 after acquiring an additional 1,620 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Mattel in the 4th quarter valued at approximately $538,000. KBC Group NV raised its holdings in Mattel by 47.4% during the 4th quarter. KBC Group NV now owns 14,984 shares of the company's stock worth $266,000 after purchasing an additional 4,818 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in Mattel by 14.7% during the 4th quarter. Hantz Financial Services Inc. now owns 197,593 shares of the company's stock worth $3,503,000 after purchasing an additional 25,256 shares during the last quarter. Finally, Stratos Wealth Advisors LLC acquired a new stake in shares of Mattel during the 4th quarter worth approximately $1,428,000. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Price Performance

Shares of MAT stock traded down $0.48 during trading on Friday, hitting $18.91. The company had a trading volume of 3,835,111 shares, compared to its average volume of 3,749,694. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The stock's 50-day moving average is $17.28 and its two-hundred day moving average is $18.64. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. Mattel, Inc. has a 52 week low of $13.95 and a 52 week 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) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.08. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The business had revenue of $826.60 million for the quarter, compared to analysts' expectations of $791.49 million. During the same period last year, the business earned ($0.05) earnings per share. The business's quarterly revenue was up 2.1% on a year-over-year basis. As a group, analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. DA Davidson restated a "buy" rating and set a $30.00 price target on shares of Mattel in a research note on Thursday, May 15th. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and upped their target price for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. Citigroup boosted their price target on shares of Mattel from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Wall Street Zen raised shares of Mattel from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Morgan Stanley upped their price objective on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.14.

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.