Landscape Capital Management L.L.C. Acquires New Shares in Mattel, Inc. (NASDAQ:MAT)

Landscape Capital Management L.L.C. bought a new stake in Mattel, Inc. (NASDAQ:MAT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 59,854 shares of the company’s stock, valued at approximately $1,140,000.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. increased its position in Mattel by 584.3% during the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Mattel in the third quarter worth $29,000. GAMMA Investing LLC raised its stake in shares of Mattel by 108.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock valued at $33,000 after buying an additional 1,052 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Mattel by 143.2% during the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after acquiring an additional 1,220 shares during the period. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Mattel during the 3rd quarter valued at about $34,000. Institutional investors own 97.15% of the company’s stock.

Mattel Price Performance

Shares of MAT stock opened at $18.69 on Friday. The stock’s fifty day moving average is $19.09 and its 200-day moving average is $18.39. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $20.59. The stock has a market capitalization of $6.30 billion, a PE ratio of 11.68, a PEG ratio of 0.94 and a beta of 0.78.

Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was down 3.9% on a year-over-year basis. Equities research analysts expect that Mattel, Inc. will post 1.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Jefferies Financial Group raised their price target on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. raised their target price on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. DA Davidson reiterated a “buy” rating and set a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th. Finally, Bank of America boosted their target price on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $23.75.

Mattel Profile

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.