State of New Jersey Common Pension Fund D Sells 10,536 Shares of Mattel, Inc. (NASDAQ:MAT)

State of New Jersey Common Pension Fund D lessened its stake in Mattel, Inc. (NASDAQ:MATGet Rating) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 196,324 shares of the company’s stock after selling 10,536 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of Mattel worth $3,718,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MAT. Advisor Group Holdings Inc. raised its position in Mattel by 43.0% in the first quarter. Advisor Group Holdings Inc. now owns 16,026 shares of the company’s stock worth $389,000 after purchasing an additional 4,817 shares in the last quarter. Raymond James & Associates raised its position in Mattel by 5.3% in the first quarter. Raymond James & Associates now owns 12,092 shares of the company’s stock worth $269,000 after purchasing an additional 604 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Mattel by 50.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,724 shares of the company’s stock worth $327,000 after purchasing an additional 4,934 shares in the last quarter. US Bancorp DE raised its position in Mattel by 454.7% in the first quarter. US Bancorp DE now owns 31,012 shares of the company’s stock worth $689,000 after purchasing an additional 25,421 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Mattel by 2.5% in the first quarter. PNC Financial Services Group Inc. now owns 39,485 shares of the company’s stock worth $876,000 after purchasing an additional 948 shares in the last quarter. Institutional investors own 96.93% of the company’s stock.

Analysts Set New Price Targets

MAT has been the subject of several recent research reports. Truist Financial dropped their price target 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. Stifel Nicolaus dropped their price objective on shares of Mattel from $29.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, January 3rd. StockNews.com began coverage on shares of Mattel in a report on Wednesday, October 12th. They set a “hold” rating for the company. The Goldman Sachs Group dropped their price objective on shares of Mattel from $32.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Finally, DA Davidson dropped their price objective on shares of Mattel from $45.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.25.

Mattel Stock Up 0.1 %

NASDAQ MAT opened at $20.26 on Friday. The stock has a fifty day moving average of $17.78 and a 200-day moving average of $20.22. The stock has a market capitalization of $7.18 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 1.16 and a beta of 1.13. Mattel, Inc. has a 52 week low of $16.21 and a 52 week high of $26.99. 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 earnings results on Tuesday, October 25th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.73 by $0.09. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Mattel had a return on equity of 33.42% and a net margin of 10.36%. On average, equities research analysts forecast that Mattel, Inc. will post 1.36 EPS for the current year.

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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