California Public Employees Retirement System Sells 25,828 Shares of Mattel, Inc. (NASDAQ:MAT)

California Public Employees Retirement System lessened its position in shares of Mattel, Inc. (NASDAQ:MATGet Rating) by 3.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 665,249 shares of the company’s stock after selling 25,828 shares during the period. California Public Employees Retirement System owned 0.19% of Mattel worth $14,855,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rhumbline Advisers raised its stake in Mattel by 0.8% during the first quarter. Rhumbline Advisers now owns 901,190 shares of the company’s stock worth $20,015,000 after buying an additional 7,350 shares during the last quarter. Quantitative Investment Management LLC raised its stake in Mattel by 8.6% during the first quarter. Quantitative Investment Management LLC now owns 10,681 shares of the company’s stock worth $237,000 after buying an additional 846 shares during the last quarter. Yousif Capital Management LLC raised its stake in Mattel by 4.5% during the second quarter. Yousif Capital Management LLC now owns 200,595 shares of the company’s stock worth $4,479,000 after buying an additional 8,570 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Mattel by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 128,396 shares of the company’s stock worth $2,852,000 after buying an additional 12,242 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in Mattel in the second quarter valued at $252,000. Institutional investors own 98.59% of the company’s stock.

Mattel Stock Down 1.6 %

Mattel stock opened at $17.01 on Friday. Mattel, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $26.99. The stock has a market cap of $6.03 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. The firm’s 50-day simple moving average is $19.34 and its 200 day simple moving average is $21.92. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.27 and a current ratio of 1.96.

Mattel (NASDAQ:MATGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.09. Mattel had a net margin of 10.36% and a return on equity of 33.42%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Research analysts predict that Mattel, Inc. will post 1.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Jefferies Financial Group decreased their price target on shares of Mattel to $22.00 and set a “hold” rating for the company in a research note on Thursday, October 13th. Bank of America assumed coverage on shares of Mattel in a research note on Thursday, August 18th. They issued a “buy” rating for the company. DA Davidson decreased their price target on shares of Mattel from $45.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. StockNews.com assumed coverage on shares of Mattel in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Truist Financial decreased their target price on shares of Mattel from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Wednesday, October 5th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Mattel currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

About Mattel

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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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