Southeastern Asset Management Inc. TN Cuts Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Southeastern Asset Management Inc. TN reduced its stake in Mattel, Inc. (NASDAQ:MAT) by 4.5% during the 4th quarter, HoldingsChannel reports. The fund owned 7,632,344 shares of the company’s stock after selling 357,980 shares during the quarter. Mattel comprises 6.4% of Southeastern Asset Management Inc. TN’s investment portfolio, making the stock its 2nd largest position. Southeastern Asset Management Inc. TN’s holdings in Mattel were worth $135,321,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in Mattel by 150.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after acquiring an additional 926 shares in the last quarter. TD Private Client Wealth LLC bought a new stake in Mattel in the 4th quarter valued at $51,000. Quarry LP lifted its position in Mattel by 130.3% in the 4th quarter. Quarry LP now owns 3,148 shares of the company’s stock valued at $56,000 after acquiring an additional 1,781 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Mattel by 175.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company’s stock valued at $83,000 after acquiring an additional 2,972 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Mattel by 2,698.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company’s stock valued at $125,000 after acquiring an additional 6,826 shares in the last quarter. 97.15% of the stock is owned by institutional investors.

Mattel Stock Up 1.7%

Shares of MAT stock opened at $20.12 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The firm’s 50-day moving average is $17.42 and its 200-day moving average is $18.67. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 2.35 and a beta of 0.61. Mattel, Inc. has a 52-week low of $13.95 and a 52-week high of $22.07.

Mattel (NASDAQ:MAT) last issued its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.08. The company had revenue of $826.60 million for the quarter, compared to analysts’ expectations of $791.49 million. Mattel had a net margin of 10.07% and a return on equity of 25.94%. Mattel’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) EPS. Sell-side analysts predict that Mattel, Inc. will post 1.7 EPS for the current year.

Analysts Set New Price Targets

MAT has been the topic of several research reports. Citigroup boosted their price objective on shares of Mattel from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. The Goldman Sachs Group cut their price target on shares of Mattel from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Morgan Stanley boosted their price target on shares of Mattel from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Finally, StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.14.

Mattel Company 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.