State of Wisconsin Investment Board cut its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,860 shares of the company’s stock after selling 1,937 shares during the quarter. State of Wisconsin Investment Board’s holdings in Mattel were worth $841,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC increased its holdings in shares of Mattel by 8.8% during the first quarter. Barclays PLC now owns 164,900 shares of the company’s stock worth $3,286,000 after purchasing an additional 13,283 shares during the period. CIBC World Markets Inc. boosted its position in shares of Mattel by 19.7% during the 2nd quarter. CIBC World Markets Inc. now owns 76,375 shares of the company’s stock worth $1,535,000 after acquiring an additional 12,546 shares in the last quarter. First Mercantile Trust Co. boosted its position in shares of Mattel by 17.6% during the 2nd quarter. First Mercantile Trust Co. now owns 56,643 shares of the company’s stock worth $1,139,000 after acquiring an additional 8,475 shares in the last quarter. Dupont Capital Management Corp boosted its position in shares of Mattel by 36.7% during the 2nd quarter. Dupont Capital Management Corp now owns 50,167 shares of the company’s stock worth $1,008,000 after acquiring an additional 13,480 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Mattel by 40.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 365,278 shares of the company’s stock worth $7,276,000 after acquiring an additional 105,875 shares in the last quarter. 97.80% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on the stock. DA Davidson increased their price target on shares of Mattel from $28.50 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. KeyCorp increased their price target on shares of Mattel from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, July 29th. TheStreet lowered shares of Mattel from a “b-” rating to a “c+” rating in a research report on Friday, September 10th. Zacks Investment Research lowered shares of Mattel from a “strong-buy” rating to a “sell” rating and set a $21.00 price target on the stock. in a research report on Tuesday, September 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Mattel from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, July 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $23.10.
Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, July 27th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.06. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $885.39 million. Mattel had a net margin of 6.32% and a return on equity of 89.86%. Mattel’s revenue was up 40.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.26) earnings per share. Sell-side analysts forecast that Mattel, Inc. will post 1.05 EPS for the current year.
Mattel Company Profile
Mattel, Inc is a global children’s entertainment company that specializes in the design and production of toys and consumer products. The company engages consumers through its portfolio of iconic franchises, including Barbie, Hot Wheels, American Girl, Fisher-Price, Thomas & Friends, UNO and MEGA. It operates through the following segments: North America, International and American Girl.
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