Mattel, Inc. (NASDAQ:MAT) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lessened its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 62.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,342 shares of the company's stock after selling 142,695 shares during the period. Gotham Asset Management LLC's holdings in Mattel were worth $1,495,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAT. EverSource Wealth Advisors LLC boosted its stake in Mattel by 150.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after purchasing an additional 926 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in Mattel during the fourth quarter worth about $51,000. Quarry LP raised its stake in Mattel by 130.3% during the fourth quarter. Quarry LP now owns 3,148 shares of the company's stock worth $56,000 after purchasing an additional 1,781 shares during the period. Venturi Wealth Management LLC boosted its holdings in Mattel by 175.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock valued at $83,000 after purchasing an additional 2,972 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Mattel by 2,698.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company's stock valued at $125,000 after buying an additional 6,826 shares during the period. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Price Performance

Shares of Mattel stock traded down $0.17 during trading on Tuesday, hitting $19.83. 2,492,967 shares of the company were exchanged, compared to its average volume of 3,751,055. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. 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 firm has a 50 day moving average price of $17.40 and a 200 day moving average price of $18.65. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 2.35 and a beta of 0.61.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.08. Mattel had a return on equity of 25.94% and a net margin of 10.07%. The company had revenue of $826.60 million during the quarter, compared to the consensus estimate of $791.49 million. During the same period in the previous year, the firm posted ($0.05) EPS. Mattel's revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MAT shares. Jefferies Financial Group raised Mattel from a "hold" rating to a "buy" rating and upped their price target for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Citigroup increased their target price on shares of Mattel from $19.00 to $22.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group decreased their price objective on shares of Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, Morgan Stanley boosted their target price on Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Mattel currently has a consensus rating of "Moderate Buy" and a consensus target price 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.