Landscape Capital Management L.L.C. Takes $1.14 Million Position in Mattel, Inc. (NASDAQ:MAT)

Landscape Capital Management L.L.C. acquired a new position in shares of Mattel, Inc. (NASDAQ:MAT) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 59,854 shares of the company’s stock, valued at approximately $1,140,000.

Other large investors also recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in Mattel in the 1st quarter valued at about $76,000. Price T Rowe Associates Inc. MD grew its holdings in Mattel by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock worth $231,487,000 after acquiring an additional 180,855 shares during the period. Janus Henderson Group PLC raised its position in Mattel by 8.5% in the first quarter. Janus Henderson Group PLC now owns 187,296 shares of the company’s stock worth $3,708,000 after acquiring an additional 14,632 shares in the last quarter. Tidal Investments LLC lifted its holdings in Mattel by 292.6% in the 1st quarter. Tidal Investments LLC now owns 83,462 shares of the company’s stock valued at $1,653,000 after acquiring an additional 62,204 shares during the last quarter. Finally, Comerica Bank grew its stake in shares of Mattel by 99.4% in the 1st quarter. Comerica Bank now owns 291,683 shares of the company’s stock worth $5,778,000 after purchasing an additional 145,391 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors.

Mattel Stock Up 1.7 %

NASDAQ:MAT opened at $18.69 on Friday. The business’s fifty day moving average price is $19.09 and its 200 day moving average price is $18.39. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 0.94 and a beta of 0.78. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $20.59.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS. On average, sell-side analysts forecast that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on MAT. Morgan Stanley increased their target price on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. DA Davidson reissued a “buy” rating and set a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th. StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Bank of America upped their target price on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group lifted their price target on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $23.75.

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.