Mattel, Inc. (MAT) Shares Bought by State of Wisconsin Investment Board

State of Wisconsin Investment Board increased its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 317,699 shares of the company’s stock after purchasing an additional 18,727 shares during the period. State of Wisconsin Investment Board owned 0.09% of Mattel worth $4,918,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Intact Investment Management Inc. raised its holdings in Mattel by 14.0% in the 2nd quarter. Intact Investment Management Inc. now owns 93,100 shares of the company’s stock valued at $2,004,000 after acquiring an additional 11,400 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in 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 acquiring an additional 410 shares during the last quarter. Aberdeen Asset Management PLC UK raised its holdings in Mattel by 43.8% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 147,083 shares of the company’s stock valued at $3,167,000 after acquiring an additional 44,802 shares during the last quarter. Greenwood Capital Associates LLC acquired a new stake in Mattel in the 2nd quarter valued at about $287,000. Finally, Penserra Capital Management LLC raised its holdings in Mattel by 26.6% in the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after acquiring an additional 1,287 shares during the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

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Mattel, Inc. (NASDAQ:MAT) opened at $18.73 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.89 and a debt-to-equity ratio of 1.31. The firm has a market cap of $6,410.00, a P/E ratio of 124.53, a P/E/G ratio of 48.03 and a beta of 0.88. Mattel, Inc. has a 1 year low of $12.71 and a 1 year high of $32.43.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 EPS. analysts expect that Mattel, Inc. will post 0.04 earnings per share for the current fiscal year.

MAT has been the subject of a number of recent research reports. Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 price objective (down previously from $19.00) on shares of Mattel in a report on Friday, July 28th. UBS AG set a $26.00 price objective on shares of Mattel and gave the company a “buy” rating in a report on Friday, July 28th. BMO Capital Markets reiterated an “outperform” rating and issued a $25.00 price objective (down previously from $30.00) on shares of Mattel in a report on Friday, July 28th. Stifel Nicolaus reiterated a “hold” rating on shares of Mattel in a report on Thursday, August 3rd. Finally, DA Davidson downgraded shares of Mattel from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $22.00 to $18.00 in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.46.

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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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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