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Mattel, Inc. (NASDAQ:MAT) Shares Sold by Swiss National Bank

Mattel logo with Consumer Discretionary background

Key Points

  • Swiss National Bank has decreased its stake in Mattel, Inc. by 2.4%, retaining approximately 652,700 shares valued at $12.68 million.
  • Mattel reported $1.02 billion in revenue for the last quarter but experienced a year-over-year decline of 5.7%, with earnings per share surpassing analysts' expectations at $0.19.
  • The stock has a consensus rating of "Moderate Buy" among analysts, with an average target price set at $24.38, despite fluctuations in individual analyst ratings.
  • Need better tools to track Mattel? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Swiss National Bank trimmed its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 652,700 shares of the company's stock after selling 15,800 shares during the quarter. Swiss National Bank owned approximately 0.20% of Mattel worth $12,682,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Yousif Capital Management LLC grew its stake in Mattel by 0.7% in the 1st quarter. Yousif Capital Management LLC now owns 119,902 shares of the company's stock valued at $2,330,000 after acquiring an additional 884 shares during the period. Brighton Jones LLC boosted its stake in Mattel by 7.4% during the 1st quarter. Brighton Jones LLC now owns 12,972 shares of the company's stock worth $252,000 after purchasing an additional 890 shares during the last quarter. State of Michigan Retirement System boosted its stake in Mattel by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 80,633 shares of the company's stock worth $1,567,000 after purchasing an additional 900 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Mattel by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 94,400 shares of the company's stock worth $1,834,000 after purchasing an additional 900 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Mattel by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 148,795 shares of the company's stock worth $2,638,000 after purchasing an additional 930 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Trading Down 0.5%

MAT traded down $0.10 on Friday, hitting $18.18. The company had a trading volume of 2,710,111 shares, compared to its average volume of 5,590,747. The firm has a market cap of $5.86 billion, a P/E ratio of 11.73, a PEG ratio of 2.21 and a beta of 0.62. Mattel, Inc. has a 1 year low of $13.94 and a 1 year high of $22.07. The company's fifty day moving average price is $18.87 and its 200 day moving average price is $18.80. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. Mattel had a net margin of 9.87% and a return on equity of 25.19%. Mattel's revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS. As a group, equities analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MAT shares. Morgan Stanley lifted their target price on shares of Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Wall Street Zen cut shares of Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. The Goldman Sachs Group lowered their price target on shares of Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Citigroup boosted their price target 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 set a $30.00 price target on shares of Mattel in a research report on Thursday, May 15th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.38.

Read Our Latest Report on Mattel

Mattel Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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