Mattel, Inc. (NASDAQ:MAT) Stake Boosted by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 75.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,824,979 shares of the company’s stock after purchasing an additional 783,264 shares during the quarter. American Century Companies Inc. owned about 0.53% of Mattel worth $29,674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Panagora Asset Management Inc. boosted its stake in Mattel by 7.4% during the 4th quarter. Panagora Asset Management Inc. now owns 11,861 shares of the company’s stock valued at $224,000 after purchasing an additional 816 shares during the period. Private Advisor Group LLC boosted its position in shares of Mattel by 4.6% during the first quarter. Private Advisor Group LLC now owns 19,526 shares of the company’s stock worth $387,000 after buying an additional 860 shares during the period. GAMMA Investing LLC grew its holdings in Mattel by 108.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after buying an additional 1,052 shares in the last quarter. CWM LLC increased its position in Mattel by 71.0% in the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after acquiring an additional 1,097 shares during the period. Finally, Retirement Systems of Alabama raised its stake in Mattel by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 443,570 shares of the company’s stock valued at $8,787,000 after acquiring an additional 1,165 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

NASDAQ:MAT opened at $19.42 on Thursday. The company has a current ratio of 2.58, a quick ratio of 1.81 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average of $18.57 and a 200-day moving average of $18.39. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $22.30. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.19 and a beta of 0.80.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results 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 net margin of 5.94% and a return on equity of 25.72%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business posted $0.10 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Analysts forecast that Mattel, Inc. will post 1.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on MAT. DA Davidson reissued a “buy” rating and issued a $27.00 price target on shares of Mattel in a research note on Monday, July 22nd. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Mattel has an average rating of “Moderate Buy” and a consensus price target of $22.63.

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.