Windward Capital Management Co. CA boosted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 20.8% during the first quarter, Holdings Channel reports. The fund owned 21,256 shares of the company’s stock after buying an additional 3,653 shares during the period. Windward Capital Management Co. CA’s holdings in Mattel were worth $544,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its position in shares of Mattel by 4.6% in the fourth quarter. State Street Corp now owns 14,655,946 shares of the company’s stock worth $403,772,000 after buying an additional 649,141 shares during the last quarter. Janus Capital Management LLC raised its position in shares of Mattel by 2.5% in the fourth quarter. Janus Capital Management LLC now owns 13,630,792 shares of the company’s stock worth $375,542,000 after buying an additional 337,785 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Mattel by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 5,489,017 shares of the company’s stock worth $151,222,000 after buying an additional 193,043 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Mattel by 25.1% in the fourth quarter. Bessemer Group Inc. now owns 4,621,275 shares of the company’s stock worth $127,317,000 after buying an additional 925,764 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Mattel during the fourth quarter worth $90,008,000. Hedge funds and other institutional investors own 95.98% of the company’s stock.
Shares of Mattel, Inc. (NASDAQ:MAT) traded down 13.57% on Friday, hitting $21.79. The company’s stock had a trading volume of 36,805,960 shares. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 23.68 and a beta of 0.90. Mattel, Inc. has a one year low of $21.78 and a one year high of $34.24. The stock has a 50-day moving average price of $25.30 and a 200 day moving average price of $28.30. Mattel also saw some unusual options trading activity on Friday. Stock investors bought 6,878 put options on the stock. This is an increase of approximately 1,357% compared to the typical volume of 472 put options.
Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, April 20th. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.15. Mattel had a net margin of 5.83% and a return on equity of 15.52%. The business earned $735.60 million during the quarter, compared to analysts’ expectations of $797.60 million. During the same period in the prior year, the business earned ($0.14) EPS. The business’s quarterly revenue was down 15.4% on a year-over-year basis. Equities research analysts predict that Mattel, Inc. will post $1.45 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 6.03%. Mattel’s dividend payout ratio is presently 167.03%.
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A number of research analysts have recently weighed in on MAT shares. Monness Crespi & Hardt cut their price objective on Mattel from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Friday. B. Riley restated a “buy” rating and set a $35.00 price objective on shares of Mattel in a research report on Tuesday, January 31st. Vetr upgraded Mattel from a “hold” rating to a “strong-buy” rating and set a $30.97 price objective for the company in a research report on Monday, January 30th. BMO Capital Markets restated an “outperform” rating and set a $36.00 price objective on shares of Mattel in a research report on Saturday, January 28th. Finally, Barclays PLC dropped their price target on Mattel to $30.00 in a research report on Thursday, January 26th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Mattel presently has a consensus rating of “Buy” and an average price target of $31.32.
In other Mattel news, EVP Richard R. Gros purchased 9,610 shares of the firm’s stock in a transaction on Tuesday, February 7th. The stock was bought at an average price of $26.02 per share, with a total value of $250,052.20. Following the transaction, the executive vice president now directly owns 14,744 shares of the company’s stock, valued at approximately $383,638.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.88% of the company’s stock.
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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