Candriam Luxembourg S.C.A. lowered its position in shares of Mattel, Inc. (NASDAQ:MAT) by 54.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 484,699 shares of the company’s stock after selling 570,065 shares during the quarter. Candriam Luxembourg S.C.A. owned 0.14% of Mattel worth $7,503,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the business. Janus Henderson Group PLC increased its stake in shares of Mattel by 19,570.6% during the 2nd quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock worth $207,066,000 after purchasing an additional 9,568,634 shares during the last quarter. Parnassus Investments CA increased its stake in shares of Mattel by 92.5% during the 3rd quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock worth $248,676,000 after purchasing an additional 7,719,364 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Mattel by 91.6% during the 2nd quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock worth $214,398,000 after purchasing an additional 4,759,608 shares during the last quarter. Eaton Vance Management increased its stake in shares of Mattel by 581.7% during the 2nd quarter. Eaton Vance Management now owns 2,682,680 shares of the company’s stock worth $57,758,000 after purchasing an additional 2,289,165 shares during the last quarter. Finally, Fairpointe Capital LLC increased its stake in shares of Mattel by 24.3% during the 2nd quarter. Fairpointe Capital LLC now owns 7,993,469 shares of the company’s stock worth $172,099,000 after purchasing an additional 1,560,624 shares during the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on MAT shares. Monness Crespi & Hardt raised their price target on shares of Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. BidaskClub upgraded shares of Mattel from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 14th. BMO Capital Markets lifted their price objective on shares of Mattel from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 price objective on shares of Mattel in a research note on Thursday, September 7th. Finally, UBS AG set a $26.00 price objective on shares of Mattel and gave the company a “buy” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$21.46.
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Mattel, Inc. (MAT) traded up C$0.69 during midday trading on Friday, hitting C$14.62. 11,130,000 shares of the stock were exchanged, compared to its average volume of 17,137,082. Mattel, Inc. has a 52 week low of C$12.71 and a 52 week high of C$32.48. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89. The company has a market cap of $5,025.32, a P/E ratio of 97.47, a P/E/G ratio of 37.59 and a beta of 0.88.
Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, October 26th. The company reported C$0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.58 by C($0.49). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The company had revenue of C$1.56 billion for the quarter, compared to the consensus estimate of C$1.82 billion. During the same period in the prior year, the firm posted $0.70 earnings per share. The business’s revenue was down 13.1% on a year-over-year basis. sell-side analysts predict that Mattel, Inc. will post 0.04 earnings per share for the current fiscal year.
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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