Renaissance Technologies LLC lowered its position in shares of Mattel, Inc. (NASDAQ:MAT) by 18.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 568,000 shares of the company’s stock after selling 129,300 shares during the period. Renaissance Technologies LLC owned about 0.17% of Mattel worth $14,546,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MAT. Gulf International Bank UK Ltd raised its position in shares of Mattel by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 102,850 shares of the company’s stock valued at $2,633,000 after buying an additional 1,700 shares during the last quarter. Creative Planning increased its position in shares of Mattel by 19.0% in the first quarter. Creative Planning now owns 19,263 shares of the company’s stock worth $493,000 after buying an additional 3,076 shares in the last quarter. Cornerstone Investment Partners LLC increased its position in shares of Mattel by 12.0% in the first quarter. Cornerstone Investment Partners LLC now owns 59,945 shares of the company’s stock worth $1,535,000 after buying an additional 6,445 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Mattel by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 295,209 shares of the company’s stock worth $7,560,000 after buying an additional 9,143 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC increased its position in shares of Mattel by 9.3% in the first quarter. Franklin Street Advisors Inc. NC now owns 217,417 shares of the company’s stock worth $5,568,000 after buying an additional 18,565 shares in the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.
Shares of Mattel, Inc. (MAT) opened at 20.88 on Thursday. Mattel, Inc. has a 1-year low of $19.41 and a 1-year high of $34.24. The firm has a 50-day moving average price of $21.82 and a 200-day moving average price of $25.09. The firm has a market capitalization of $7.15 billion, a PE ratio of 26.20 and a beta of 0.85.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, April 20th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.17) by $0.15. The business had revenue of $735.60 million for the quarter, compared to analyst estimates of $797.60 million. Mattel had a return on equity of 13.19% and a net margin of 5.22%. Mattel’s revenue was down 15.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.14) EPS. On average, analysts forecast that Mattel, Inc. will post $0.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 23rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.87%. The ex-dividend date is Monday, August 21st. Mattel’s dividend payout ratio (DPR) is 192.41%.
MAT has been the subject of several research analyst reports. Barclays PLC restated an “equal weight” rating and set a $25.00 price target (down previously from $30.00) on shares of Mattel in a report on Sunday, April 23rd. Zacks Investment Research cut Mattel from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 26th. Monness Crespi & Hardt cut their price target on Mattel from $34.00 to $29.00 and set a “buy” rating for the company in a report on Friday, April 21st. DA Davidson reiterated a “buy” rating and issued a $30.00 target price on shares of Mattel in a report on Tuesday, May 23rd. Finally, Argus cut Mattel from a “buy” rating to a “hold” rating in a report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $28.18.
In other news, Director Dean A. Scarborough bought 47,000 shares of the firm’s stock in a transaction on Monday, April 24th. The stock was purchased at an average price of $21.95 per share, for a total transaction of $1,031,650.00. Following the transaction, the director now owns 77,573 shares in the company, valued at $1,702,727.35. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.88% of the stock is currently owned by corporate insiders.
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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