Mattel, Inc. (NASDAQ:MAT) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in Mattel, Inc. (NASDAQ:MAT) by 13.9% during the 3rd quarter, Holdings Channel reports. The firm owned 100,958 shares of the company’s stock after selling 16,282 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Mattel were worth $1,923,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in shares of Mattel by 2.8% in the third quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock valued at $491,000 after acquiring an additional 693 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Mattel by 38.3% in the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $53,000 after acquiring an additional 775 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Mattel by 4.6% in the first quarter. Private Advisor Group LLC now owns 19,526 shares of the company’s stock valued at $387,000 after acquiring an additional 860 shares in the last quarter. CWM LLC lifted its position in shares of Mattel by 71.0% in the second quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after acquiring an additional 1,097 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Mattel by 3.0% in the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock valued at $752,000 after acquiring an additional 1,160 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Performance

Mattel stock opened at $19.55 on Friday. The stock’s 50-day moving average is $19.08 and its 200-day moving average is $18.38. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $20.59.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on MAT shares. Bank of America upped their price objective on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. DA Davidson reiterated a “buy” rating and set a $27.00 target price on shares of Mattel in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Jefferies Financial Group increased their target price on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. Finally, Morgan Stanley increased their target price on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $23.75.

Mattel 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.