US Bancorp DE Grows Stake in Mattel, Inc. (NASDAQ:MAT)

US Bancorp DE boosted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,096 shares of the company’s stock after buying an additional 1,400 shares during the period. US Bancorp DE’s holdings in Mattel were worth $402,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in Mattel by 1.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock worth $231,487,000 after purchasing an additional 180,855 shares during the period. Barington Capital Group L.P. increased its holdings in Mattel by 25.3% during the 2nd quarter. Barington Capital Group L.P. now owns 595,000 shares of the company’s stock worth $9,675,000 after purchasing an additional 120,000 shares during the period. SG Americas Securities LLC purchased a new position in shares of Mattel in the 2nd quarter valued at $312,000. Tidal Investments LLC increased its holdings in shares of Mattel by 292.6% in the 1st quarter. Tidal Investments LLC now owns 83,462 shares of the company’s stock valued at $1,653,000 after acquiring an additional 62,204 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Mattel by 92.5% in the 2nd quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock valued at $39,947,000 after acquiring an additional 1,180,301 shares during the period. 97.15% of the stock is owned by institutional investors.

Mattel Stock Down 0.5 %

Shares of Mattel stock opened at $19.45 on Tuesday. The company has a fifty day moving average price of $19.09 and a 200 day moving average price of $18.38. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $20.59. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.01 and a beta of 0.78.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 EPS. Equities research analysts forecast that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MAT shares. Morgan Stanley raised their price objective on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Jefferies Financial Group lifted their price target on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, Bank of America lifted their price target on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $23.75.

Mattel Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.