FORA Capital LLC Acquires Shares of 52,675 Mattel, Inc. (NASDAQ:MAT)

FORA Capital LLC bought a new stake in shares of Mattel, Inc. (NASDAQ:MAT) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 52,675 shares of the company’s stock, valued at approximately $1,003,000.

A number of other hedge funds have also made changes to their positions in MAT. Pacer Advisors Inc. lifted its holdings in Mattel by 20,152.4% during the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after buying an additional 10,940,943 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Mattel by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company’s stock valued at $119,862,000 after acquiring an additional 27,204 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Mattel by 34.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after purchasing an additional 1,479,227 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Mattel by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock worth $81,222,000 after purchasing an additional 114,305 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Mattel by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 2,915,356 shares of the company’s stock valued at $47,404,000 after purchasing an additional 51,687 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Trading Up 0.6 %

Shares of NASDAQ:MAT opened at $18.75 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 0.97 and a beta of 0.78. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $20.59. The company has a 50 day moving average price of $19.06 and a 200 day moving average price of $18.39.

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

Analyst Ratings Changes

MAT has been the subject of several research reports. Jefferies Financial Group lifted their price target on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Morgan Stanley lifted their target price on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. DA Davidson restated 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 increased their target price on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $23.75.

Mattel Company 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.