Van ECK Associates Corp Takes $1.48 Million Position in Mattel, Inc. (NASDAQ:MAT)

Van ECK Associates Corp purchased a new stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 78,579 shares of the company's stock, valued at approximately $1,484,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont increased its stake in Mattel by 833.3% in the 3rd quarter. Trust Co. of Vermont now owns 1,120 shares of the company's stock worth $25,000 after acquiring an additional 1,000 shares during the last quarter. Clearstead Advisors LLC bought a new position in shares of Mattel in the third quarter worth approximately $52,000. Y.D. More Investments Ltd purchased a new stake in Mattel in the third quarter valued at approximately $53,000. Fifth Third Bancorp lifted its position in Mattel by 23.3% during the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company's stock valued at $64,000 after purchasing an additional 550 shares during the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new position in Mattel in the 3rd quarter worth approximately $128,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on MAT. JPMorgan Chase & Co. cut shares of Mattel from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $24.00 to $19.00 in a research report on Monday, February 5th. TheStreet lowered shares of Mattel from a "b-" rating to a "c+" rating in a research report on Wednesday, January 24th. Bank of America lifted their price objective on Mattel from $25.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Morgan Stanley restated an "equal weight" rating and set a $19.00 target price (down from $25.00) on shares of Mattel in a report on Wednesday, January 17th. Finally, Stifel Nicolaus lowered their price objective on Mattel from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Wednesday, January 24th. Five 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $22.78.

Insider Transactions at Mattel

In other news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the company's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the transaction, the executive vice president now directly owns 106,086 shares in the company, valued at $1,997,599.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company's stock.

Mattel Price Performance

MAT traded down $0.21 during trading hours on Friday, hitting $18.66. The company's stock had a trading volume of 2,323,129 shares, compared to its average volume of 3,002,661. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 1.18 and a beta of 0.98. The business's 50-day moving average price is $19.08 and its 200-day moving average price is $18.92. The company has a current ratio of 2.49, a quick ratio of 1.88 and a debt-to-equity ratio of 1.15. Mattel, Inc. has a 12 month low of $16.20 and a 12 month high of $22.64.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.07. The business had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company earned ($0.24) EPS. Sell-side analysts expect that Mattel, Inc. will post 1.4 earnings per share for the current fiscal year.

Mattel Company 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.