Investors Sell Mattel, Inc. (MAT) on Strength (MAT)

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.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.49). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period last year, the business earned $0.70 EPS. sell-side analysts anticipate that Mattel, Inc. will post 0.04 EPS for the current year.

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.

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About Mattel

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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