Bank of New York Mellon Corp decreased its position in Mattel, Inc. (NASDAQ:MAT) by 45.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,155,518 shares of the company’s stock after selling 6,045,820 shares during the quarter. Bank of New York Mellon Corp’s holdings in Mattel were worth $110,052,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Olstein Capital Management L.P. grew its holdings in shares of Mattel by 375.4% in the 3rd quarter. Olstein Capital Management L.P. now owns 539,160 shares of the company’s stock worth $8,346,000 after purchasing an additional 425,760 shares during the last quarter. AE Wealth Management LLC grew its holdings in Mattel by 36.8% during the 3rd quarter. AE Wealth Management LLC now owns 68,209 shares of the company’s stock worth $1,056,000 after acquiring an additional 18,349 shares during the last quarter. BB&T Securities LLC grew its holdings in Mattel by 30.7% during the 3rd quarter. BB&T Securities LLC now owns 103,176 shares of the company’s stock worth $1,597,000 after acquiring an additional 24,205 shares during the last quarter. Thompson Investment Management Inc. grew its holdings in Mattel by 36.8% during the 3rd quarter. Thompson Investment Management Inc. now owns 38,065 shares of the company’s stock worth $589,000 after acquiring an additional 10,245 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Mattel by 1.7% during the 3rd quarter. Rhumbline Advisers now owns 630,310 shares of the company’s stock worth $9,757,000 after acquiring an additional 10,352 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on MAT shares. BidaskClub lowered shares of Mattel from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. Zacks Investment Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 26th. Jefferies Group dropped coverage on shares of Mattel in a report on Monday, December 18th. B. Riley started coverage on shares of Mattel in a report on Thursday, December 21st. They set a “neutral” rating and a $15.00 price objective on the stock. Finally, DA Davidson raised shares of Mattel from an “underperform” rating to a “neutral” rating and set a $12.00 price objective on the stock in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Mattel presently has a consensus rating of “Hold” and an average price target of $19.33.
Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.93). The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.69 billion. Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period last year, the business posted $0.52 EPS. sell-side analysts expect that Mattel, Inc. will post 0.04 earnings per share for the current fiscal year.
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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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