New York State Teachers Retirement System Sells 11,507 Shares of Mattel, Inc. (NASDAQ:MAT)

Posted by on Jul 21st, 2023

New York State Teachers Retirement System cut its stake in shares of Mattel, Inc. (NASDAQ:MAT – Free Report) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 420,270 shares of the company’s stock after selling 11,507 shares during the period. New York State Teachers Retirement System owned 0.12% of Mattel worth $7,737,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Arizona State Retirement System increased its position in shares of Mattel by 3.0% during the first quarter. Arizona State Retirement System now owns 102,689 shares of the company’s stock valued at $1,891,000 after buying an additional 3,009 shares during the period. Xponance Inc. increased its position in shares of Mattel by 1.2% during the first quarter. Xponance Inc. now owns 64,263 shares of the company’s stock valued at $1,183,000 after buying an additional 793 shares during the period. Voya Investment Management LLC increased its position in shares of Mattel by 35.2% during the fourth quarter. Voya Investment Management LLC now owns 253,332 shares of the company’s stock valued at $4,519,000 after buying an additional 65,888 shares during the period. Natixis increased its position in shares of Mattel by 653.6% during the fourth quarter. Natixis now owns 550,100 shares of the company’s stock valued at $9,814,000 after buying an additional 477,100 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Mattel by 6.4% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 56,575 shares of the company’s stock worth $1,009,000 after purchasing an additional 3,400 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors.

Mattel Stock Up 1.1 %

Shares of NASDAQ MAT opened at $21.27 on Friday. Mattel, Inc. has a one year low of $15.36 and a one year high of $24.38. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.44 and a quick ratio of 1.45. The firm’s 50 day simple moving average is $19.07 and its two-hundred day simple moving average is $18.58. The stock has a market capitalization of $7.53 billion, a P/E ratio of 29.54, a PEG ratio of 3.67 and a beta of 1.18.

Mattel (NASDAQ:MAT – Get Free Report) last issued its quarterly earnings results on Wednesday, April 26th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. Mattel had a net margin of 5.11% and a return on equity of 17.52%. The business had revenue of $814.60 million for the quarter, compared to analysts’ expectations of $740.74 million. During the same period last year, the business earned $0.08 earnings per share. The business’s quarterly revenue was down 21.8% on a year-over-year basis. As a group, analysts expect that Mattel, Inc. will post 1.15 EPS for the current fiscal year.

Analyst Ratings Changes

MAT has been the subject of several recent analyst reports. DA Davidson reissued a “buy” rating and set a $23.00 price objective on shares of Mattel in a report on Monday, April 3rd. StockNews.com lowered Mattel from a “hold” rating to a “sell” rating in a report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.63.

Mattel Company Profile

(Free Report)

Mattel, Inc, a children's and family entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Disney Princess and Frozen, and Polly Pocket brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, and Power wheels brands.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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