Investors sold shares of Mattel, Inc. (NASDAQ:MAT) on strength during trading on Wednesday. $16.99 million flowed into the stock on the tick-up and $34.80 million flowed out of the stock on the tick-down, for a money net flow of $17.81 million out of the stock. Of all stocks tracked, Mattel had the 25th highest net out-flow for the day. Mattel traded up $0.28 for the day and closed at $18.81
MAT has been the subject of a number of research reports. DA Davidson reiterated an “underperform” rating and issued a $14.00 price objective (down previously from $18.00) on shares of Mattel in a report on Tuesday, September 12th. KeyCorp reiterated a “sector weight” rating on shares of Mattel in a report on Thursday, August 31st. BidaskClub upgraded shares of Mattel from a “strong sell” rating to a “sell” rating in a report on Thursday, September 14th. UBS AG set a $22.00 price objective on shares of Mattel and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Jefferies Group LLC set a $13.00 price objective on shares of Mattel and gave the company a “hold” rating in a report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $21.46.
The firm has a market cap of $6,470.00, a PE ratio of 124.87, a P/E/G ratio of 48.16 and a beta of 0.88. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.
Several hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Mattel during the 3rd quarter worth approximately $375,000. Coastline Trust Co grew its position in shares of Mattel by 44.4% during the 3rd quarter. Coastline Trust Co now owns 20,360 shares of the company’s stock worth $315,000 after buying an additional 6,260 shares during the period. California Public Employees Retirement System grew its position in shares of Mattel by 11.3% during the 3rd quarter. California Public Employees Retirement System now owns 995,075 shares of the company’s stock worth $15,404,000 after buying an additional 100,722 shares during the period. Vident Investment Advisory LLC acquired a new stake in shares of Mattel during the 3rd quarter worth approximately $236,000. Finally, Chevy Chase Trust Holdings Inc. grew its position in shares of Mattel by 1.3% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 298,913 shares of the company’s stock worth $4,627,000 after buying an additional 3,801 shares during the period. 94.74% of the stock is owned by institutional investors.
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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