Rafferty Asset Management LLC increased its position in Mattel, Inc. (NASDAQ:MAT) by 48.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,949 shares of the company’s stock after buying an additional 11,452 shares during the period. Rafferty Asset Management LLC’s holdings in Mattel were worth $963,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its stake 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 valued at $403,772,000 after buying an additional 649,141 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Mattel by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 10,548,923 shares of the company’s stock valued at $330,074,000 after buying an additional 291,707 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Mattel by 2.9% in the third quarter. BlackRock Fund Advisors now owns 10,273,294 shares of the company’s stock valued at $311,075,000 after buying an additional 288,683 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Mattel by 10.7% in the third quarter. TIAA CREF Investment Management LLC now owns 8,880,046 shares of the company’s stock valued at $268,888,000 after buying an additional 861,585 shares in the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of Mattel by 5.3% in the third quarter. BlackRock Group LTD now owns 6,447,164 shares of the company’s stock valued at $195,219,000 after buying an additional 324,007 shares in the last quarter. 95.98% of the stock is owned by institutional investors and hedge funds.
Shares of Mattel, Inc. (NASDAQ:MAT) traded down 0.85% during midday trading on Tuesday, hitting $25.69. 6,511,454 shares of the company’s stock were exchanged. The stock has a market cap of $8.80 billion, a PE ratio of 27.92 and a beta of 0.90. Mattel, Inc. has a 1-year low of $25.17 and a 1-year high of $34.76. The stock’s 50 day moving average is $28.20 and its 200-day moving average is $30.71.
Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, January 25th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by $0.19. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.98 billion. Mattel had a return on equity of 15.52% and a net margin of 5.83%. The firm’s revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. Analysts predict that Mattel, Inc. will post $1.48 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. Investors of record on Thursday, February 16th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date is Tuesday, February 14th. Mattel’s payout ratio is presently 167.03%.
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MAT has been the subject of several research reports. Jefferies Group LLC dropped their price objective on shares of Mattel to $32.00 in a research note on Thursday, January 26th. Barclays PLC dropped their price objective on shares of Mattel to $30.00 in a research note on Thursday, January 26th. B. Riley reaffirmed a “buy” rating and set a $41.00 price objective on shares of Mattel in a research note on Tuesday, December 27th. Vetr cut shares of Mattel from a “strong-buy” rating to a “buy” rating and set a $36.50 price objective for the company. in a research note on Monday, October 24th. Finally, Argus reaffirmed a “buy” rating and set a $38.00 price objective on shares of Mattel in a research note on Sunday, October 23rd. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $32.12.
In other news, EVP Richard R. Gros purchased 9,610 shares of Mattel stock in a transaction that occurred on Tuesday, February 7th. The stock was acquired at an average cost of $26.02 per share, for a total transaction of $250,052.20. Following the purchase, the executive vice president now directly owns 14,744 shares of the company’s stock, valued at approximately $383,638.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dominic Ng sold 9,000 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $30.79, for a total value of $277,110.00. Following the completion of the sale, the director now owns 14,000 shares of the company’s stock, valued at $431,060. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by insiders.
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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