Point72 Hong Kong Ltd lessened its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 78.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,622 shares of the company's stock after selling 20,978 shares during the period. Point72 Hong Kong Ltd's holdings in Mattel were worth $100,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of MAT. EdgePoint Investment Group Inc. boosted its position in shares of Mattel by 14.9% during the 4th quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company's stock valued at $818,681,000 after purchasing an additional 5,984,400 shares in the last quarter. Norges Bank bought a new stake in shares of Mattel during the 4th quarter valued at about $54,929,000. Hennessy Advisors Inc. bought a new stake in shares of Mattel during the 4th quarter valued at about $53,238,000. Invesco Ltd. boosted its holdings in Mattel by 468.3% in the fourth quarter. Invesco Ltd. now owns 3,394,958 shares of the company's stock worth $60,193,000 after acquiring an additional 2,797,559 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in Mattel in the fourth quarter worth approximately $39,066,000. Institutional investors and hedge funds own 97.15% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on MAT. DA Davidson reaffirmed a "buy" rating and issued a $30.00 price objective on shares of Mattel in a research report on Thursday, May 15th. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Jefferies Financial Group raised Mattel from a "hold" rating to a "buy" rating and raised their target price for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Citigroup raised their target price on Mattel from $19.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Morgan Stanley raised their target price on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.14.
Check Out Our Latest Analysis on MAT
Mattel Stock Performance
Shares of Mattel stock traded down $0.17 during trading hours on Tuesday, reaching $19.83. The company had a trading volume of 2,492,967 shares, compared to its average volume of 3,755,199. Mattel, Inc. has a one year low of $13.95 and a one year high of $22.07. The business has a fifty day simple moving average of $17.40 and a 200 day simple moving average of $18.65. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. The firm has a market cap of $6.40 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61.
Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) 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 analyst estimates of $791.49 million. During the same quarter last year, the company earned ($0.05) earnings per share. The firm's quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.
About Mattel
(
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.
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