California State Teachers Retirement System lifted its position in shares of Mattel (NASDAQ:MAT) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 629,839 shares of the company’s stock after purchasing an additional 15,671 shares during the quarter. California State Teachers Retirement System’s holdings in Mattel were worth $9,687,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Calton & Associates Inc. bought a new position in shares of Mattel during the fourth quarter worth $112,000. Zeke Capital Advisors LLC bought a new position in shares of Mattel during the third quarter worth $163,000. Hartland & Co. LLC bought a new position in shares of Mattel during the third quarter worth $165,000. Wolverine Asset Management LLC bought a new position in shares of Mattel during the fourth quarter worth $177,000. Finally, Virtu Financial LLC bought a new position in shares of Mattel during the fourth quarter worth $187,000. 93.86% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on the stock. Jefferies Group set a $12.00 price objective on shares of Mattel and gave the company a “sell” rating in a research report on Thursday, March 15th. BidaskClub cut shares of Mattel from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 20th. Barclays cut shares of Mattel from an “equal weight” rating to an “underweight” rating and set a $16.00 price objective on the stock. in a research report on Friday, March 9th. BMO Capital Markets cut their price objective on shares of Mattel from $23.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 20th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Mattel in a research report on Monday, January 29th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.83.
Mattel (NASDAQ:MAT) last issued its quarterly 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). Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The firm’s quarterly revenue was down 12.2% on a year-over-year basis. equities research analysts anticipate that Mattel will post -0.07 earnings per share for the current fiscal year.
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Mattel Company Profile
Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.
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