275,609 Shares in Mattel, Inc. (NASDAQ:MAT) Bought by Ruffer LLP

Key Points

• Ruffer LLP has acquired a new stake in Mattel, purchasing 275,609 shares valued at around $5.35 million, representing 0.09% ownership of the company.
• Multiple institutional investors have significantly increased their stakes in Mattel during the first quarter, with Trust Co. of Vermont seeing a 995.8% increase in their position.
• Mattel reported a net margin of 9.87% and earnings per share of $0.19 for the last quarter, surpassing analysts' estimates of $0.16, but experienced a 5.7% drop in revenue year-over-year.

Ruffer LLP acquired a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 275,609 shares of the company's stock, valued at approximately $5,355,000. Ruffer LLP owned approximately 0.09% of Mattel as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Mattel during the 4th quarter worth approximately $660,000. LPL Financial LLC grew its stake in shares of Mattel by 3.9% during the fourth quarter. LPL Financial LLC now owns 24,986 shares of the company's stock worth $443,000 after buying an additional 935 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Mattel by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,008,772 shares of the company's stock worth $17,886,000 after buying an additional 206,603 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Mattel by 11.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 49,931 shares of the company's stock worth $885,000 after purchasing an additional 4,932 shares during the period. Finally, Wellington Management Group LLP acquired a new position in Mattel in the fourth quarter valued at $5,622,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Performance

Shares of NASDAQ:MAT traded up $0.31 on Wednesday, hitting $17.30. The company's stock had a trading volume of 4,545,138 shares, compared to its average volume of 5,217,108. Mattel, Inc. has a 12 month low of $13.94 and a 12 month high of $22.07. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 2.07 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.12 and a current ratio of 1.62. The stock's 50-day moving average is $19.05 and its two-hundred day moving average is $18.83.

Mattel (NASDAQ:MAT - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. Mattel had a return on equity of 25.19% and a net margin of 9.87%. The company's revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. On average, equities research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current year.

Analysts Set New Price Targets

MAT has been the topic of several research reports. Roth Capital set a $22.00 price objective on shares of Mattel and gave the company a "neutral" rating in a report on Friday, July 11th. 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 cut shares of Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Citigroup raised their target price on shares of Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Finally, The Goldman Sachs Group dropped their price target 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. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus 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.