Teachers Retirement System of The State of Kentucky Cuts Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Teachers Retirement System of The State of Kentucky lowered its position in Mattel, Inc. (NASDAQ:MAT) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,180 shares of the company’s stock after selling 5,600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Mattel were worth $2,175,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Trust Co. of Vermont increased its stake in Mattel by 833.3% in the 3rd quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares during the last quarter. Partnership Wealth Management LLC bought a new stake in Mattel during the fourth quarter worth $61,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in Mattel in the third quarter worth $128,000. International Assets Investment Management LLC grew its stake in Mattel by 1,788.0% in the 4th quarter. International Assets Investment Management LLC now owns 7,552 shares of the company’s stock valued at $143,000 after purchasing an additional 7,152 shares during the period. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Mattel during the 4th quarter valued at $198,000. 97.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on MAT. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Jefferies Financial Group lifted their price target on shares of Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Citigroup increased their price objective on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Roth Mkm restated a “neutral” rating and issued a $21.00 target price on shares of Mattel in a research note on Wednesday, April 24th. Finally, Bank of America upped their price target on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.78.

Mattel Stock Up 0.2 %

MAT stock opened at $17.11 on Friday. The stock has a 50-day simple moving average of $18.05 and a two-hundred day simple moving average of $18.67. Mattel, Inc. has a twelve month low of $16.20 and a twelve month high of $22.64. The firm has a market capitalization of $5.89 billion, a PE ratio of 20.61, a PEG ratio of 1.09 and a beta of 0.90. The company has a quick ratio of 1.88, a current ratio of 2.49 and a debt-to-equity ratio of 1.15.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, beating 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 company had revenue of $809.50 million during the quarter, compared to analysts’ expectations of $833.52 million. During the same quarter in the previous year, the company earned ($0.24) earnings per share. Mattel’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts predict that Mattel, Inc. will post 1.4 EPS for the current fiscal year.

Insider Buying and Selling

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

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.