Dynamic Technology Lab Private Ltd Takes $1.49 Million Position in Mattel, Inc. (NASDAQ:MAT)

Dynamic Technology Lab Private Ltd bought a new position in Mattel, Inc. (NASDAQ:MAT) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 78,132 shares of the company’s stock, valued at approximately $1,488,000.

A number of other institutional investors also recently bought and sold shares of MAT. Pacer Advisors Inc. raised its stake in shares of Mattel by 20,152.4% in the second quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after buying an additional 10,940,943 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Mattel by 0.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company’s stock worth $119,862,000 after acquiring an additional 27,204 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Mattel by 34.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after acquiring an additional 1,479,227 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $81,222,000 after purchasing an additional 114,305 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Mattel by 1.8% in 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. 97.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

MAT has been the topic of several recent analyst reports. Bank of America raised their price objective on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Jefferies Financial Group upped their price objective on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. DA Davidson reissued a “buy” rating and set a $27.00 target price on shares of Mattel in a research note on Thursday, October 24th. Finally, 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. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mattel has a consensus rating of “Hold” and an average price target of $23.75.

Mattel Trading Up 2.0 %

Shares of MAT stock opened at $19.07 on Tuesday. The company has a market cap of $6.42 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $20.59. The stock’s 50 day simple moving average is $19.09 and its two-hundred day simple moving average is $18.39. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88.

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