Louisiana State Employees Retirement System Purchases 900 Shares of Mattel, Inc. (NASDAQ:MAT)

Posted by on Apr 5th, 2023

Louisiana State Employees Retirement System boosted its position in shares of Mattel, Inc. (NASDAQ:MAT – Get Rating) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 94,900 shares of the company’s stock after purchasing an additional 900 shares during the period. Louisiana State Employees Retirement System’s holdings in Mattel were worth $1,693,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. acquired a new stake in Mattel in the 2nd quarter valued at about $27,000. Armstrong Advisory Group Inc. acquired a new stake in Mattel in the 4th quarter valued at about $29,000. Quadrant Capital Group LLC increased its position in Mattel by 173.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,783 shares of the company’s stock valued at $34,000 after acquiring an additional 1,131 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in Mattel in the 3rd quarter valued at about $62,000. Finally, WD Rutherford LLC acquired a new stake in Mattel in the 3rd quarter valued at about $71,000. 96.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MAT shares. The Goldman Sachs Group lowered their price objective on shares of Mattel from $26.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, February 10th. Stifel Nicolaus lowered their price objective on shares of Mattel from $29.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, January 3rd. Bank of America lowered their price target on shares of Mattel from $26.00 to $21.00 in a research report on Friday, February 10th. Roth Capital reiterated a “buy” rating on shares of Mattel in a research report on Thursday, February 9th. Finally, TheStreet cut shares of Mattel from a “b-” rating to a “c+” rating in a research report on Wednesday, March 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.33.

Mattel Stock Down 0.3 %

Shares of NASDAQ MAT opened at $18.04 on Wednesday. The stock has a market cap of $6.42 billion, a P/E ratio of 16.70, a P/E/G ratio of 5.20 and a beta of 1.16. The firm has a 50 day moving average price of $18.27 and a 200 day moving average price of $18.47. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.54 and a current ratio of 2.30. Mattel, Inc. has a 52-week low of $15.36 and a 52-week high of $26.99.

Mattel (NASDAQ:MAT – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.68 billion. Mattel had a net margin of 7.25% and a return on equity of 24.47%. The firm’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. Analysts expect that Mattel, Inc. will post 1.14 EPS for the current year.

Mattel Profile

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Mattel, Inc engages in the ownership of children’s and family entertainment franchises. It operates through the following segments: North America, International, and American Girl. The North America and International segments focus on marketing and selling toys and consumer products. The American Girl segment includes marketing, retailing, and publishing dedicated to its mission to help girls grow up with confidence and character.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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