Northern Trust Corp raised its position in shares of Mattel Inc (NASDAQ:MAT) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,938,499 shares of the company’s stock after acquiring an additional 90,595 shares during the period. Northern Trust Corp owned approximately 1.14% of Mattel worth $39,345,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Federated Investors Inc. PA bought a new position in Mattel during the third quarter valued at $83,000. Delta Asset Management LLC TN grew its holdings in shares of Mattel by 19.2% in the fourth quarter. Delta Asset Management LLC TN now owns 7,100 shares of the company’s stock worth $71,000 after purchasing an additional 1,145 shares during the last quarter. Ffcm LLC grew its holdings in shares of Mattel by 149.7% in the fourth quarter. Ffcm LLC now owns 7,802 shares of the company’s stock worth $78,000 after purchasing an additional 4,678 shares during the last quarter. Caption Management LLC bought a new position in shares of Mattel in the fourth quarter worth about $100,000. Finally, Advisor Group Inc. grew its holdings in shares of Mattel by 6.5% in the fourth quarter. Advisor Group Inc. now owns 10,461 shares of the company’s stock worth $103,000 after purchasing an additional 640 shares during the last quarter.
A number of analysts recently weighed in on the stock. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. ValuEngine raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th. Zacks Investment Research raised shares of Mattel from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday, February 13th. MKM Partners increased their price target on shares of Mattel to $15.00 and gave the company a “neutral” rating in a research report on Monday, February 11th. Finally, Cfra lowered shares of Mattel to a “sell” rating and set a $13.00 price target for the company. in a research report on Friday, February 8th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Mattel currently has an average rating of “Hold” and an average price target of $14.46.
Shares of MAT traded down $0.41 during mid-day trading on Monday, hitting $13.19. 4,879,400 shares of the company traded hands, compared to its average volume of 6,036,523. Mattel Inc has a 1-year low of $9.09 and a 1-year high of $17.98. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 4.26. The company has a market cap of $4.59 billion, a P/E ratio of -11.57 and a beta of 1.46.
Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, February 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.15. Mattel had a negative net margin of 11.77% and a negative return on equity of 43.47%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted ($0.72) earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, research analysts anticipate that Mattel Inc will post -0.39 EPS for the current fiscal year.
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Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.
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