Louisiana State Employees Retirement System Makes New $1.87 Million Investment in Mattel, Inc. (NASDAQ:MAT)

Louisiana State Employees Retirement System acquired a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 99,200 shares of the company's stock, valued at approximately $1,873,000.

Other large investors also recently modified their holdings of the company. Jericho Capital Asset Management L.P. bought a new position in shares of Mattel during the 3rd quarter valued at about $76,819,000. Stifel Financial Corp lifted its holdings in shares of Mattel by 161.8% during the third quarter. Stifel Financial Corp now owns 146,494 shares of the company's stock valued at $3,227,000 after purchasing an additional 90,539 shares during the last quarter. Seven Eight Capital LP increased its position in shares of Mattel by 548.8% in the third quarter. Seven Eight Capital LP now owns 75,114 shares of the company's stock worth $1,655,000 after acquiring an additional 63,536 shares in the last quarter. Trexquant Investment LP raised its holdings in shares of Mattel by 256.4% during the third quarter. Trexquant Investment LP now owns 287,342 shares of the company's stock valued at $6,330,000 after acquiring an additional 206,729 shares during the period. Finally, Xponance Inc. lifted its position in shares of Mattel by 6.1% in the 3rd quarter. Xponance Inc. now owns 45,618 shares of the company's stock valued at $1,005,000 after acquiring an additional 2,629 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Down 0.7 %

Mattel stock traded down $0.12 during mid-day trading on Friday, hitting $18.05. 1,971,767 shares of the company's stock were exchanged, compared to its average volume of 2,958,275. Mattel, Inc. has a 1-year low of $16.20 and a 1-year high of $22.64. The stock has a 50 day moving average of $19.33 and a two-hundred day moving average of $19.16. The company has a current ratio of 2.33, a quick ratio of 1.90 and a debt-to-equity ratio of 1.08. The stock has a market cap of $6.21 billion, a P/E ratio of 29.79, a P/E/G ratio of 1.20 and a beta of 0.95.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). Mattel had a net margin of 3.94% and a return on equity of 21.25%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business posted $0.18 earnings per share. The firm's revenue was up 15.6% on a year-over-year basis. As a group, analysts anticipate that Mattel, Inc. will post 1.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research note on Monday, February 26th. JPMorgan Chase & Co. lowered Mattel from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $24.00 to $19.00 in a research report on Monday, February 5th. DA Davidson upped their target price on Mattel from $25.00 to $26.00 and gave the company a "buy" rating in a report on Thursday, February 8th. Jefferies Financial Group boosted their price objective on shares of Mattel from $19.00 to $20.00 and gave the company a "hold" rating in a research report on Friday, March 15th. Finally, Roth Capital lowered shares of Mattel from a "buy" rating to a "neutral" rating in a research note on Thursday, January 4th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Mattel presently has an average rating of "Moderate Buy" and an average target price of $22.13.

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.