Arizona State Retirement System Increases Stake in Mattel, Inc. (NASDAQ:MAT)

Arizona State Retirement System boosted its holdings in shares of Mattel, Inc. (NASDAQ:MATGet Rating) by 0.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 94,703 shares of the company’s stock after buying an additional 779 shares during the quarter. Arizona State Retirement System’s holdings in Mattel were worth $2,103,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Advisor Group Holdings Inc. raised its position in Mattel by 5.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 11,209 shares of the company’s stock worth $240,000 after buying an additional 547 shares during the last quarter. Oak Family Advisors LLC grew its stake in shares of Mattel by 2.8% during the 4th quarter. Oak Family Advisors LLC now owns 48,548 shares of the company’s stock worth $1,047,000 after purchasing an additional 1,319 shares during the period. State of Michigan Retirement System grew its stake in shares of Mattel by 1.6% during the 4th quarter. State of Michigan Retirement System now owns 88,818 shares of the company’s stock worth $1,915,000 after purchasing an additional 1,400 shares during the period. Cumberland Advisors Inc. grew its stake in shares of Mattel by 1.7% during the 1st quarter. Cumberland Advisors Inc. now owns 91,600 shares of the company’s stock worth $2,034,000 after purchasing an additional 1,500 shares during the period. Finally, Louisiana State Employees Retirement System grew its stake in shares of Mattel by 1.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 91,700 shares of the company’s stock worth $2,127,000 after purchasing an additional 1,600 shares during the period. 97.94% of the stock is owned by hedge funds and other institutional investors.

Mattel Price Performance

Mattel stock opened at $23.20 on Monday. The company’s fifty day moving average price is $22.97 and its 200 day moving average price is $23.20. Mattel, Inc. has a 1 year low of $17.94 and a 1 year high of $26.99. The stock has a market capitalization of $8.18 billion, a P/E ratio of 7.34 and a beta of 1.26. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.03 and a current ratio of 1.82.

Mattel (NASDAQ:MATGet Rating) last announced its earnings results on Thursday, July 21st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.12. Mattel had a net margin of 19.31% and a return on equity of 37.28%. During the same quarter in the previous year, the firm posted $0.03 EPS. As a group, equities research analysts anticipate that Mattel, Inc. will post 1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on MAT. MKM Partners dropped their price objective on shares of Mattel from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, July 7th. The Goldman Sachs Group raised shares of Mattel from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $31.00 in a research note on Sunday, July 10th. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Tuesday, July 12th. Finally, Jefferies Financial Group dropped their price objective on shares of Mattel from $27.00 to $24.00 in a research note on Friday, July 15th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $32.57.

Mattel Company Profile

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Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Polly Pocket, Spirit, and Enchantimals brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, Power wheels, and Fireman Sam brands.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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