OppenheimerFunds Inc. boosted its stake in Mattel, Inc. (NASDAQ:MAT) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,666 shares of the company’s stock after acquiring an additional 5,100 shares during the quarter. OppenheimerFunds Inc.’s holdings in Mattel were worth $810,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Calton & Associates Inc. acquired a new stake in Mattel in the 4th quarter valued at $112,000. Zeke Capital Advisors LLC acquired a new stake in Mattel in the 3rd quarter valued at $163,000. Hartland & Co. LLC acquired a new stake in Mattel in the 3rd quarter valued at $165,000. Virtu Financial LLC acquired a new stake in Mattel in the 4th quarter valued at $187,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Mattel in the 4th quarter valued at $206,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mattel stock opened at $13.86 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.92 and a debt-to-equity ratio of 2.28. Mattel, Inc. has a twelve month low of $12.71 and a twelve month high of $25.97.
Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, February 1st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.93). The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.69 billion. Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The business’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. research analysts forecast that Mattel, Inc. will post -0.02 EPS for the current fiscal year.
MAT has been the topic of several recent analyst reports. Jefferies Group set a $17.00 price objective on shares of Mattel and gave the stock a “hold” rating in a research note on Saturday, December 2nd. BidaskClub upgraded shares of Mattel from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Stifel Nicolaus restated a “hold” rating and set a $16.00 price objective on shares of Mattel in a research note on Monday, January 29th. Barclays boosted their price objective on shares of Mattel from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, February 5th. Finally, UBS set a $18.00 price objective on shares of Mattel and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.50.
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Mattel Company Profile
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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