Natixis Advisors L.P. lessened its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 38.6% during the first quarter, Holdings Channel reports. The institutional investor owned 50,885 shares of the company’s stock after selling 31,937 shares during the period. Natixis Advisors L.P.’s holdings in Mattel were worth $669,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Calton & Associates Inc. acquired a new stake in Mattel during the 4th quarter valued at $112,000. Oppenheimer & Co. Inc. acquired a new stake in Mattel during the 1st quarter valued at $164,000. Wolverine Asset Management LLC acquired a new stake in Mattel during the 4th quarter valued at $177,000. Virtu Financial LLC acquired a new stake in Mattel during the 4th quarter valued at $187,000. Finally, Redwood Investment Management LLC acquired a new stake in Mattel during the 1st quarter valued at $190,000.
Several research firms have recently issued reports on MAT. UBS Group decreased their price objective on Mattel from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, March 29th. Barclays cut Mattel from an “equal weight” rating to an “underweight” rating and set a $16.00 price objective on the stock. in a report on Friday, March 9th. Stifel Nicolaus decreased their price objective on Mattel from $15.50 to $14.00 and set a “hold” rating on the stock in a report on Wednesday, April 4th. Jefferies Financial Group set a $12.00 price objective on Mattel and gave the stock a “sell” rating in a report on Thursday, March 15th. Finally, BidaskClub cut Mattel from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. Mattel currently has a consensus rating of “Hold” and an average target price of $17.83.
Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, April 26th. The company reported ($0.60) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.39) by ($0.21). Mattel had a negative net margin of 25.79% and a negative return on equity of 32.79%. The firm had revenue of $708.40 million during the quarter, compared to analyst estimates of $687.70 million. During the same quarter in the previous year, the business posted ($0.32) EPS. Mattel’s revenue was down 3.7% compared to the same quarter last year. equities research analysts predict that Mattel, Inc. will post -0.54 EPS for the current fiscal year.
Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.
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