MAT has been the subject of several other reports. Zacks Investment Research lowered Mattel from a buy rating to a hold rating in a research report on Monday, July 11th. MKM Partners upgraded Mattel from a neutral rating to a buy rating and set a $36.00 target price for the company in a research report on Monday, October 10th. Vetr upgraded Mattel from a buy rating to a strong-buy rating and set a $41.14 target price for the company in a research report on Monday, August 29th. B. Riley restated a buy rating and set a $38.00 target price on shares of Mattel in a research report on Tuesday, July 26th. Finally, Citigroup Inc. boosted their target price on Mattel from $36.00 to $38.00 and gave the stock a buy rating in a research report on Monday, August 15th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $35.48.
Mattel (NASDAQ:MAT) opened at 30.18 on Thursday. The firm has a market cap of $10.28 billion, a P/E ratio of 29.88 and a beta of 0.99. Mattel has a 12-month low of $22.63 and a 12-month high of $34.76. The company has a 50-day moving average price of $31.44 and a 200-day moving average price of $32.04.
In related news, EVP Geoffrey H. Walker sold 7,128 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $33.57, for a total transaction of $239,286.96. Following the transaction, the executive vice president now directly owns 39,348 shares of the company’s stock, valued at approximately $1,320,912.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.88% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Windward Capital Management Co. CA raised its position in Mattel by 76.0% in the third quarter. Windward Capital Management Co. CA now owns 13,392 shares of the company’s stock worth $406,000 after buying an additional 5,783 shares during the last quarter. National Pension Service raised its position in Mattel by 9.5% in the third quarter. National Pension Service now owns 289,231 shares of the company’s stock worth $8,758,000 after buying an additional 25,060 shares during the last quarter. Parametrica Management Ltd acquired a new position in Mattel during the third quarter worth $372,000. MSI Financial Services Inc raised its position in Mattel by 11.2% in the third quarter. MSI Financial Services Inc now owns 17,189 shares of the company’s stock worth $520,000 after buying an additional 1,726 shares during the last quarter. Finally, Capstone Asset Management Co. raised its position in Mattel by 7.0% in the third quarter. Capstone Asset Management Co. now owns 27,371 shares of the company’s stock worth $829,000 after buying an additional 1,790 shares during the last quarter. 95.50% of the stock is currently owned by institutional investors and hedge funds.
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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