Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,625 Shares of Mattel, Inc. (NASDAQ:MAT)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 2.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 75,190 shares of the company’s stock after purchasing an additional 1,625 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mattel were worth $1,223,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Private Client Services LLC grew its holdings in Mattel by 4.7% during the 2nd quarter. Private Client Services LLC now owns 78,893 shares of the company’s stock worth $1,283,000 after acquiring an additional 3,562 shares during the period. Bank of New York Mellon Corp grew its stake in shares of 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 worth $47,404,000 after purchasing an additional 51,687 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in Mattel in the second quarter valued at about $189,000. Krilogy Financial LLC lifted its stake in Mattel by 23.2% in the second quarter. Krilogy Financial LLC now owns 68,554 shares of the company’s stock valued at $1,115,000 after buying an additional 12,898 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Mattel by 143.2% during the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after buying an additional 1,220 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MAT shares. DA Davidson reaffirmed 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 analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Mattel presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.63.

Mattel Price Performance

Shares of NASDAQ MAT opened at $18.98 on Tuesday. The company has a fifty day moving average price of $18.03 and a 200 day moving average price of $18.45. The firm has a market cap of $6.45 billion, a PE ratio of 22.87, a PEG ratio of 1.24 and a beta of 0.86. The company has a current ratio of 2.58, a quick ratio of 1.81 and a debt-to-equity ratio of 1.18. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $22.44.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. Research analysts predict that Mattel, Inc. will post 1.43 earnings per share for the current fiscal year.

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.