State of Alaska Department of Revenue Sells 1,075 Shares of Mattel, Inc. (NASDAQ:MAT)

State of Alaska Department of Revenue trimmed its holdings in Mattel, Inc. (NASDAQ:MAT) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,409 shares of the company’s stock after selling 1,075 shares during the period. State of Alaska Department of Revenue’s holdings in Mattel were worth $680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of MAT. Clear Harbor Asset Management LLC lifted its stake in Mattel by 5.5% in the 4th quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company’s stock valued at $229,000 after purchasing an additional 675 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Mattel by 2.8% during the third quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock valued at $491,000 after purchasing an additional 693 shares during the period. GAMMA Investing LLC grew its stake in Mattel by 26.6% in the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after acquiring an additional 744 shares during the period. KBC Group NV increased its stake in Mattel by 13.8% during the 3rd quarter. KBC Group NV now owns 10,166 shares of the company’s stock valued at $194,000 after purchasing an additional 1,229 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Mattel by 7.1% during the third quarter. US Bancorp DE now owns 21,096 shares of the company’s stock worth $402,000 after acquiring an additional 1,400 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MAT has been the subject of several analyst reports. Bank of America increased their target price on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Morgan Stanley lifted their target price on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. Finally, Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.57.

Mattel Stock Up 0.1 %

Mattel stock opened at $21.94 on Friday. The stock has a fifty day moving average of $18.80 and a 200 day moving average of $18.96. The stock has a market cap of $7.39 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76. Mattel, Inc. has a one year low of $15.87 and a one year high of $22.07. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.88 and a current ratio of 2.38.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period last year, the company earned $0.29 earnings per share. As a group, sell-side analysts predict that Mattel, Inc. will post 1.69 EPS for the current year.

About Mattel

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.