Schwab Charles Investment Management Inc. decreased its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 22.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,769,882 shares of the company’s stock after selling 520,709 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Mattel were worth $27,221,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Creative Planning boosted its holdings in shares of Mattel by 42.1% during the fourth quarter. Creative Planning now owns 35,732 shares of the company’s stock worth $550,000 after purchasing an additional 10,595 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Mattel during the third quarter worth $375,000. Coastline Trust Co boosted its holdings in shares of Mattel by 44.4% during the third quarter. Coastline Trust Co now owns 20,360 shares of the company’s stock worth $315,000 after purchasing an additional 6,260 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Mattel by 11.3% in the 3rd quarter. California Public Employees Retirement System now owns 995,075 shares of the company’s stock worth $15,404,000 after buying an additional 100,722 shares during the period. Finally, Vident Investment Advisory LLC purchased a new position in shares of Mattel in the 3rd quarter worth $236,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Mattel, Inc. (MAT) opened at $16.51 on Thursday. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.92 and a quick ratio of 1.55. Mattel, Inc. has a 52-week low of $12.71 and a 52-week high of $26.30. The company has a market capitalization of $5,670.00, a PE ratio of -5.40, a price-to-earnings-growth ratio of 14.49 and a beta of 1.00.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.93). Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the business earned $0.52 earnings per share. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. equities research analysts anticipate that Mattel, Inc. will post 0.13 EPS for the current fiscal year.

Several brokerages recently weighed in on MAT. BidaskClub raised Mattel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 15th. Jefferies Group set a $17.00 target price on Mattel and gave the stock a “hold” rating in a research report on Saturday, December 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $16.00 target price on shares of Mattel in a research report on Monday, January 29th. Barclays increased their target price on Mattel from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, February 5th. Finally, Citigroup increased their target price on Mattel from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Mattel presently has an average rating of “Hold” and a consensus target price of $19.00.

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Mattel Profile

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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