Point72 Asset Management L.P. Purchases 558,213 Shares of Mattel, Inc. (NASDAQ:MAT)

Point72 Asset Management L.P. lifted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 54.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,582,369 shares of the company’s stock after buying an additional 558,213 shares during the quarter. Point72 Asset Management L.P.’s holdings in Mattel were worth $30,144,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MAT. Pacer Advisors Inc. increased its stake in Mattel by 20,152.4% during the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after acquiring an additional 10,940,943 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Mattel by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company’s stock worth $119,862,000 after purchasing an additional 27,204 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Mattel by 34.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after purchasing an additional 1,479,227 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Mattel by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock worth $81,222,000 after purchasing an additional 114,305 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Mattel by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 2,915,356 shares of the company’s stock worth $47,404,000 after purchasing an additional 51,687 shares during the period. Institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

MAT has been the subject of several analyst reports. DA Davidson restated a “buy” rating and issued a $27.00 target price on shares of Mattel in a research report on Thursday, October 24th. Jefferies Financial Group boosted their price objective on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. raised their target price on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Morgan Stanley boosted their price target on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Finally, Bank of America raised their price objective on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Mattel presently has an average rating of “Hold” and a consensus target price of $23.75.

Mattel Trading Down 0.5 %

Shares of MAT stock opened at $19.76 on Friday. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $20.59. The stock’s fifty day simple moving average is $19.07 and its 200 day simple moving average is $18.41. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $6.66 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.97 and a beta of 0.76.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The firm’s revenue was down 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that Mattel, Inc. will post 1.46 EPS for the current fiscal year.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.