Bailard Inc. Makes New $606,000 Investment in Mattel, Inc. $MAT

Bailard Inc. bought a new stake in Mattel, Inc. (NASDAQ:MAT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,000 shares of the company’s stock, valued at approximately $606,000.

Several other institutional investors and hedge funds have also modified their holdings of MAT. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Mattel by 24.3% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 368,536 shares of the company’s stock worth $6,202,000 after acquiring an additional 71,971 shares during the last quarter. Patient Capital Management LLC boosted its stake in Mattel by 43.4% in the third quarter. Patient Capital Management LLC now owns 2,099,262 shares of the company’s stock worth $35,331,000 after purchasing an additional 634,864 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Mattel by 2.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,779,442 shares of the company’s stock worth $97,268,000 after purchasing an additional 157,881 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of Mattel by 2.2% in the third quarter. New York State Teachers Retirement System now owns 317,965 shares of the company’s stock valued at $5,351,000 after buying an additional 6,809 shares in the last quarter. Finally, Forum Financial Management LP raised its holdings in shares of Mattel by 11.1% in the third quarter. Forum Financial Management LP now owns 13,414 shares of the company’s stock valued at $226,000 after buying an additional 1,339 shares during the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Trading Down 1.0%

Shares of NASDAQ MAT opened at $20.67 on Friday. Mattel, Inc. has a fifty-two week low of $13.94 and a fifty-two week high of $22.25. The firm has a market capitalization of $6.42 billion, a P/E ratio of 15.43, a P/E/G ratio of 2.22 and a beta of 0.69. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.18. The company’s 50 day simple moving average is $20.54 and its 200 day simple moving average is $19.02.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, October 21st. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.86 billion. Mattel had a return on equity of 20.60% and a net margin of 8.27%.Mattel’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 EPS. On average, analysts predict that Mattel, Inc. will post 1.7 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. DA Davidson decreased their price objective on shares of Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. The Goldman Sachs Group cut shares of Mattel from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Friday, January 9th. Seaport Research Partners upgraded shares of Mattel to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Mattel in a report on Wednesday, December 24th. Finally, JPMorgan Chase & Co. decreased their price objective on Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.50.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.