Mattel, Inc. (NASDAQ:MAT) Shares Acquired by Swiss National Bank

Swiss National Bank boosted its holdings in Mattel, Inc. (NASDAQ:MAT – Get Rating) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 853,000 shares of the company’s stock after acquiring an additional 17,100 shares during the quarter. Swiss National Bank owned 0.24% of Mattel worth $15,218,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Keybank National Association OH increased its position in Mattel by 7.5% in the 4th quarter. Keybank National Association OH now owns 30,020 shares of the company’s stock valued at $536,000 after acquiring an additional 2,090 shares during the period. Kingsview Wealth Management LLC acquired a new position in shares of Mattel during the 3rd quarter valued at $1,871,000. Royal Bank of Canada increased its position in shares of Mattel by 174.1% during the 3rd quarter. Royal Bank of Canada now owns 666,431 shares of the company’s stock valued at $12,622,000 after purchasing an additional 423,319 shares during the period. Profund Advisors LLC increased its position in shares of Mattel by 12.9% during the 4th quarter. Profund Advisors LLC now owns 14,947 shares of the company’s stock valued at $267,000 after purchasing an additional 1,711 shares during the period. Finally, Arizona State Retirement System increased its position in shares of Mattel by 4.1% during the 4th quarter. Arizona State Retirement System now owns 99,680 shares of the company’s stock valued at $1,778,000 after purchasing an additional 3,890 shares during the period. 96.93% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Performance

Shares of Mattel stock opened at $18.50 on Friday. The stock has a market cap of $6.55 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 3.06 and a beta of 1.17. The business has a fifty day simple moving average of $17.38 and a 200-day simple moving average of $18.07. The company has a quick ratio of 1.45, a current ratio of 2.44 and a debt-to-equity ratio of 1.20. Mattel, Inc. has a 12 month low of $15.36 and a 12 month high of $26.58.

Mattel (NASDAQ:MAT – Get Rating) last issued its earnings results on Wednesday, April 26th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.02. Mattel had a return on equity of 17.52% and a net margin of 5.11%. The business had revenue of $814.60 million during the quarter, compared to analysts’ expectations of $740.74 million. During the same quarter last year, the firm posted $0.08 earnings per share. Mattel’s revenue was down 21.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Mattel, Inc. will post 1.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MAT shares. DA Davidson reiterated a “buy” rating and set a $23.00 price target on shares of Mattel in a research report on Monday, April 3rd. Roth Capital reiterated a “buy” rating on shares of Mattel in a research report on Thursday, February 9th. UBS Group reduced their price objective on Mattel from $33.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, February 16th. Bank of America reduced their price objective on Mattel from $26.00 to $21.00 in a research note on Friday, February 10th. Finally, StockNews.com lowered Mattel from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Mattel currently has an average rating of “Moderate Buy” and a consensus target price of $24.33.

Mattel Company Profile

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Mattel, Inc engages in the ownership of children’s and family entertainment franchises. It operates through the following segments: North America, International, and American Girl. The North America and International segments focus on marketing and selling toys and consumer products. The American Girl segment includes marketing, retailing, and publishing dedicated to its mission to help girls grow up with confidence and character.