Mattel, Inc. (MAT) Shares Bought by Stephens Inc. AR

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Stephens Inc. AR boosted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 15.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,600 shares of the company’s stock after acquiring an additional 10,490 shares during the quarter. Stephens Inc. AR’s holdings in Mattel were worth $1,258,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Allianz Asset Management GmbH raised its position in Mattel by 15.4% in the 1st quarter. Allianz Asset Management GmbH now owns 26,898 shares of the company’s stock valued at $354,000 after purchasing an additional 3,596 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Mattel by 9.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 41,922 shares of the company’s stock valued at $688,000 after purchasing an additional 3,600 shares in the last quarter. Hanson & Doremus Investment Management raised its position in Mattel by 12.2% in the 2nd quarter. Hanson & Doremus Investment Management now owns 35,669 shares of the company’s stock valued at $586,000 after purchasing an additional 3,865 shares in the last quarter. Norinchukin Bank The raised its position in Mattel by 12.6% in the 1st quarter. Norinchukin Bank The now owns 36,116 shares of the company’s stock valued at $475,000 after purchasing an additional 4,033 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in Mattel by 10.0% in the 2nd quarter. CIBC Asset Management Inc now owns 44,600 shares of the company’s stock valued at $732,000 after purchasing an additional 4,063 shares in the last quarter.

MAT stock opened at $15.33 on Friday. Mattel, Inc. has a 12-month low of $12.21 and a 12-month high of $19.21. The company has a quick ratio of 1.22, a current ratio of 1.87 and a debt-to-equity ratio of 4.29. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of -14.19 and a beta of 1.07.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, July 25th. The company reported ($0.56) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.24). Mattel had a negative return on equity of 56.60% and a negative net margin of 30.43%. The company had revenue of $840.70 million during the quarter, compared to analysts’ expectations of $862.48 million. During the same period in the previous year, the company earned ($0.14) EPS. Mattel’s quarterly revenue was down 13.7% on a year-over-year basis. research analysts anticipate that Mattel, Inc. will post -0.95 earnings per share for the current year.

MAT has been the topic of a number of analyst reports. Citigroup cut their target price on Mattel from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. Consumer Edge initiated coverage on Mattel in a research report on Monday, August 13th. They set an “equal weight” rating on the stock. Stifel Nicolaus raised their target price on Mattel from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Tuesday, July 10th. BidaskClub raised Mattel from a “hold” rating to a “buy” rating in a research report on Saturday, July 7th. Finally, MKM Partners cut their target price on Mattel to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, July 26th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $17.00.

Mattel Company Profile

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

Featured Story: Outstanding Shares and The Effect on Share Price

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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