Mattel, Inc. (NASDAQ:MAT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in Mattel, Inc. (NASDAQ:MAT) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,195,588 shares of the company’s stock after selling 194,163 shares during the period. Victory Capital Management Inc.’s holdings in Mattel were worth $109,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. boosted its holdings in Mattel by 449.9% in the third quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock worth $5,562,000 after purchasing an additional 238,884 shares during the period. FORA Capital LLC acquired a new position in Mattel in the third quarter worth $1,003,000. Charles Schwab Investment Management Inc. boosted its holdings in Mattel by 2.8% in 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. Thrivent Financial for Lutherans boosted its holdings in Mattel by 101.0% in the third quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock worth $3,208,000 after purchasing an additional 84,626 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Mattel by 53.2% during the third quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock valued at $3,283,000 after acquiring an additional 59,845 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Up 0.6 %

Shares of MAT stock opened at $20.57 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The stock has a market cap of $6.85 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 2.35 and a beta of 0.76. The business’s fifty day moving average is $19.48 and its 200-day moving average is $19.16. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $22.07.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period in the prior year, the business posted $0.29 earnings per share. Equities analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

MAT has been the topic of several recent research reports. Morgan Stanley lifted their price objective on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. DA Davidson raised their target price on Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Finally, StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Mattel currently has an average rating of “Moderate Buy” and a consensus target price of $25.57.

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.