Hillsdale Investment Management Inc. Has $522,000 Holdings in Mattel, Inc. (NASDAQ:MAT)

Hillsdale Investment Management Inc. decreased its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,350 shares of the company’s stock after selling 600 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Mattel were worth $522,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Oak Family Advisors LLC grew its holdings in Mattel by 0.9% during the fourth quarter. Oak Family Advisors LLC now owns 60,189 shares of the company’s stock valued at $1,136,000 after purchasing an additional 559 shares during the period. Panagora Asset Management Inc. grew its holdings in Mattel by 7.4% during the fourth quarter. Panagora Asset Management Inc. now owns 11,861 shares of the company’s stock valued at $224,000 after purchasing an additional 816 shares during the period. Private Advisor Group LLC grew its holdings in Mattel by 4.6% during the first quarter. Private Advisor Group LLC now owns 19,526 shares of the company’s stock valued at $387,000 after purchasing an additional 860 shares during the period. Retirement Systems of Alabama lifted its stake in Mattel by 0.3% in the first quarter. Retirement Systems of Alabama now owns 443,570 shares of the company’s stock valued at $8,787,000 after buying an additional 1,165 shares in the last quarter. Finally, Thompson Investment Management Inc. lifted its stake in Mattel by 8.8% in the first quarter. Thompson Investment Management Inc. now owns 14,780 shares of the company’s stock valued at $293,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MAT. Roth Mkm reaffirmed a “neutral” rating and issued a $21.00 price target on shares of Mattel in a research note on Wednesday, April 24th. DA Davidson reissued a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research report on Monday. Bank of America boosted their price objective on shares of Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Citigroup upped their price objective on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.63.

Mattel Stock Performance

Shares of MAT stock traded down $1.01 on Tuesday, hitting $17.67. The company’s stock had a trading volume of 3,262,305 shares, compared to its average volume of 3,395,499. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.88 and a current ratio of 2.49. The stock’s 50 day moving average is $17.24 and its 200-day moving average is $18.31. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $22.64. The company has a market capitalization of $6.08 billion, a PE ratio of 21.65, a PEG ratio of 1.04 and a beta of 0.86.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.07. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The business had revenue of $809.50 million during the quarter, compared to analysts’ expectations of $833.52 million. During the same quarter in the prior year, the business posted ($0.24) earnings per share. Mattel’s revenue was down .6% compared to the same quarter last year. Equities research analysts expect that Mattel, Inc. will post 1.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Steve Totzke sold 45,216 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $18.90, for a total value of $854,582.40. Following the completion of the transaction, the insider now owns 101,902 shares of the company’s stock, valued at $1,925,947.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the completion of the transaction, the executive vice president now owns 106,086 shares in the company, valued at approximately $1,997,599.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Steve Totzke sold 45,216 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $18.90, for a total transaction of $854,582.40. Following the completion of the transaction, the insider now owns 101,902 shares of the company’s stock, valued at approximately $1,925,947.80. The disclosure for this sale can be found here. Insiders sold 90,533 shares of company stock valued at $1,709,321 over the last quarter. 1.50% of the stock is owned by company insiders.

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.