Mattel, Inc. (NASDAQ:MAT) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC lowered its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 26.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,720 shares of the company’s stock after selling 20,180 shares during the quarter. Sargent Investment Group LLC’s holdings in Mattel were worth $922,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in Mattel by 1.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock valued at $231,487,000 after buying an additional 180,855 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Mattel during the 4th quarter worth about $1,169,000. The Manufacturers Life Insurance Company lifted its stake in Mattel by 9.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 606,131 shares of the company’s stock worth $11,444,000 after purchasing an additional 50,419 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Mattel in the fourth quarter valued at approximately $15,642,000. Finally, SG Americas Securities LLC purchased a new position in Mattel in the second quarter valued at approximately $312,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MAT has been the topic of a number of research analyst reports. DA Davidson reiterated a “buy” rating and set a $27.00 target price on shares of Mattel in a research report on Monday, July 22nd. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.63.

Mattel Trading Up 0.1 %

NASDAQ MAT opened at $19.02 on Tuesday. The company’s fifty day simple moving average is $18.51 and its 200-day simple moving average is $18.39. The stock has a market cap of $6.54 billion, a P/E ratio of 22.92, a PEG ratio of 1.19 and a beta of 0.80. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $22.30. The company has a current ratio of 2.58, a quick ratio of 1.81 and a debt-to-equity ratio of 1.18.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the business earned $0.10 EPS. Mattel’s revenue for the quarter was down .7% compared to the same quarter last year. Equities research analysts predict that Mattel, Inc. will post 1.43 EPS for the current fiscal year.

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.