Swiss National Bank Reduces Position in Mattel, Inc. (NASDAQ:MAT)

Swiss National Bank decreased its holdings in Mattel, Inc. (NASDAQ:MAT) by 3.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 671,700 shares of the company’s stock after selling 23,100 shares during the quarter. Swiss National Bank’s holdings in Mattel were worth $12,796,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its position in shares of Mattel by 101.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock valued at $3,208,000 after purchasing an additional 84,626 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of Mattel by 42.9% in the third quarter. Natixis Advisors LLC now owns 28,887 shares of the company’s stock worth $550,000 after buying an additional 8,679 shares during the last quarter. KBC Group NV raised its holdings in Mattel by 13.8% in the third quarter. KBC Group NV now owns 10,166 shares of the company’s stock valued at $194,000 after acquiring an additional 1,229 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Mattel by 24.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 106,568 shares of the company’s stock valued at $2,030,000 after acquiring an additional 21,030 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Mattel by 7.1% during the 3rd quarter. US Bancorp DE now owns 21,096 shares of the company’s stock worth $402,000 after acquiring an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

Shares of MAT opened at $18.69 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $20.59. The firm has a fifty day moving average of $19.09 and a 200-day moving average of $18.39. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 0.95 and a beta of 0.78.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. DA Davidson reiterated a “buy” rating and issued a $27.00 price target on shares of Mattel in a report on Thursday, October 24th. 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 note on Thursday, October 24th. Finally, Bank of America boosted their target price on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.75.

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.