Raymond James Financial Services Advisors Inc. raised its stake in Mattel, Inc. (NASDAQ:MAT) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,623 shares of the company’s stock after purchasing an additional 1,227 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Mattel were worth $595,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Louisiana State Employees Retirement System boosted its holdings in shares of Mattel by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock valued at $456,000 after purchasing an additional 200 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Mattel by 1.3% in the 2nd quarter. Private Advisor Group LLC now owns 16,306 shares of the company’s stock valued at $341,000 after purchasing an additional 204 shares during the last quarter. Boyd Watterson Asset Management LLC OH boosted its holdings in shares of Mattel by 1.4% in the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 18,951 shares of the company’s stock valued at $408,000 after purchasing an additional 253 shares during the last quarter. Simmons Bank boosted its holdings in shares of Mattel by 0.6% in the 2nd quarter. Simmons Bank now owns 55,546 shares of the company’s stock valued at $1,196,000 after purchasing an additional 339 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its holdings in shares of Mattel by 3.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock valued at $281,000 after purchasing an additional 410 shares during the last quarter. Institutional investors own 93.56% of the company’s stock.
Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. Mattel’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share.
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A number of brokerages have weighed in on MAT. Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 price target (down previously from $19.00) on shares of Mattel in a report on Friday, July 28th. UBS AG set a $26.00 price target on shares of Mattel and gave the company a “buy” rating in a report on Friday, July 28th. BidaskClub upgraded shares of Mattel from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. BMO Capital Markets restated an “outperform” rating and set a $25.00 target price (down previously from $30.00) on shares of Mattel in a report on Friday, July 28th. Finally, DA Davidson lowered shares of Mattel from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $22.00 to $18.00 in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Mattel has an average rating of “Hold” and a consensus price target of $21.54.
Mattel Company Profile
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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