Jefferies Financial Group Inc. acquired a new position in shares of Mattel, Inc. (NASDAQ:MAT – Free Report) in the 3rd quarter, Holdings Channel reports. The fund acquired 412,600 shares of the company’s stock, valued at approximately $5,224,000.
Other hedge funds have also modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in Mattel in the 2nd quarter valued at approximately $37,000. Global Retirement Partners LLC acquired a new position in Mattel during the 2nd quarter worth approximately $38,000. Rakuten Securities Inc. acquired a new position in Mattel during the 2nd quarter worth approximately $42,000. Farther Finance Advisors LLC boosted its position in Mattel by 253.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,559 shares of the company’s stock worth $45,000 after acquiring an additional 2,553 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Mattel by 81.7% during the 3rd quarter. Covestor Ltd now owns 4,115 shares of the company’s stock worth $53,000 after acquiring an additional 1,850 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors.
Mattel Stock Down 3.4%
MAT stock opened at $15.53 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.98 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average price of $15.10 and a two-hundred day moving average price of $15.28. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 9.08, a P/E/G ratio of 1.74 and a beta of 0.59. Mattel, Inc. has a twelve month low of $12.40 and a twelve month high of $22.48.
Mattel (NASDAQ:MAT – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.36. Mattel had a return on equity of 20.02% and a net margin of 9.04%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. Analysts anticipate that Mattel, Inc. will post 1.33 EPS for the current fiscal year.
Insider Buying and Selling at Mattel
In related news, EVP Roberto Isaias sold 39,083 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $15.02, for a total value of $587,026.66. Following the completion of the transaction, the executive vice president directly owned 144,390 shares of the company’s stock, valued at approximately $2,168,737.80. This trade represents a 21.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.
Analyst Ratings Changes
MAT has been the topic of a number of research reports. Odeon Capital Group began coverage on shares of Mattel in a research report on Thursday, July 16th. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Mattel in a research report on Wednesday, November 4th. Bank of America reiterated a “buy” rating and issued a $21.00 price target on shares of Mattel in a research note on Friday, November 6th. Citigroup cut their price target on shares of Mattel from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, November 6th. Finally, Argus restated a “buy” rating and set a $22.00 price objective on shares of Mattel in a research note on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.09.
Get Our Latest Stock Analysis on Mattel
Mattel Profile
Mattel, Inc. is a global toy and family entertainment company founded in 1945 and headquartered in El Segundo, California. It designs, manufactures, and markets toys and games, along with related consumer products and entertainment content. Its well-known brands include Barbie, Hot Wheels, Fisher-Price, American Girl, and UNO. Mattel also develops movies, television programs, digital games, and other content based on its brands, and licenses its intellectual property for products and experiences.
Featured Articles
- Five stocks we like better than Mattel
- Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board
- Can NVIDIA Maintain Its Momentum Without Huang?
- Six Flags Lost $366 Million in Q3—Its Insiders Just Went Shopping
- What Went Wrong With Amprius Technologies’ Q3? Less Than You’d Think
Want to see what other hedge funds are holding MAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mattel, Inc. (NASDAQ:MAT – Free Report).
Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.
