Swiss National Bank Grows Position in Mattel, Inc. (NASDAQ:MAT)

Swiss National Bank raised its position in Mattel, Inc. (NASDAQ:MAT) by 0.7% during the second quarter, HoldingsChannel.com reports. The firm owned 770,600 shares of the company’s stock after buying an additional 5,700 shares during the quarter. Swiss National Bank’s holdings in Mattel were worth $15,058,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MAT. Advisor Group Holdings Inc. raised its holdings in shares of Mattel by 43.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 16,026 shares of the company’s stock valued at $389,000 after buying an additional 4,817 shares during the period. Raymond James & Associates increased its holdings in Mattel by 5.3% during the 1st quarter. Raymond James & Associates now owns 12,092 shares of the company’s stock worth $269,000 after purchasing an additional 604 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Mattel by 50.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,724 shares of the company’s stock worth $327,000 after purchasing an additional 4,934 shares during the last quarter. US Bancorp DE increased its holdings in Mattel by 454.7% during the 1st quarter. US Bancorp DE now owns 31,012 shares of the company’s stock worth $689,000 after purchasing an additional 25,421 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Mattel by 2.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 39,485 shares of the company’s stock worth $876,000 after purchasing an additional 948 shares during the last quarter. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MAT. Citigroup began coverage on Mattel in a report on Friday, October 20th. They set a “buy” rating and a $26.00 price objective on the stock. Roth Mkm restated a “buy” rating and set a $24.00 price objective on shares of Mattel in a report on Friday, October 6th. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. TheStreet upgraded Mattel from a “c+” rating to a “b” rating in a research report on Wednesday, July 26th. Finally, Morgan Stanley decreased their target price on Mattel from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, October 26th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $24.60.

Mattel Trading Down 1.8 %

NASDAQ:MAT opened at $18.40 on Tuesday. Mattel, Inc. has a 12-month low of $15.36 and a 12-month high of $22.64. The firm has a market capitalization of $6.50 billion, a P/E ratio of 80.00, a P/E/G ratio of 1.60 and a beta of 1.18. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.33 and a quick ratio of 1.73. The business has a 50 day simple moving average of $20.29 and a 200 day simple moving average of $20.09.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Wednesday, October 25th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.21. Mattel had a return on equity of 19.70% and a net margin of 1.59%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.83 billion. Equities research analysts predict that Mattel, Inc. will post 1.25 EPS for the current year.

Mattel Company Profile

Mattel, Inc, a children's and family entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Disney Princess and Frozen, and Polly Pocket brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, and Power wheels brands.