Retirement Systems of Alabama Decreases Holdings in Mattel, Inc. (NASDAQ:MAT)

Retirement Systems of Alabama decreased its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 0.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 409,642 shares of the company’s stock after selling 3,255 shares during the period. Retirement Systems of Alabama’s holdings in Mattel were worth $7,263,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. UMB Bank n.a. lifted its holdings in shares of Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after buying an additional 1,268 shares during the period. V Square Quantitative Management LLC purchased a new position in Mattel during the third quarter valued at approximately $29,000. Prospera Private Wealth LLC acquired a new position in Mattel in the third quarter valued at approximately $34,000. West Oak Capital LLC boosted its position in Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after purchasing an additional 1,955 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Mattel by 38.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after purchasing an additional 775 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Mattel Trading Up 0.2 %

NASDAQ MAT opened at $21.48 on Monday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.88 and a current ratio of 2.38. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 2.32 and a beta of 0.76. The firm has a 50 day simple moving average of $18.56 and a 200-day simple moving average of $18.87. Mattel, Inc. has a one year low of $15.87 and a one year high of $21.88.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same quarter in the prior year, the business posted $0.29 EPS. Equities research analysts anticipate that Mattel, Inc. will post 1.69 EPS for the current fiscal year.

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.