Shelton Capital Management Decreases Stock Position in Mattel, Inc. (NASDAQ:MAT)

Shelton Capital Management cut its position in Mattel, Inc. (NASDAQ:MAT) by 4.8% during the second quarter, HoldingsChannel.com reports. The fund owned 16,944 shares of the company’s stock after selling 859 shares during the period. Shelton Capital Management’s holdings in Mattel were worth $331,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Advisor Group Holdings Inc. raised its holdings in Mattel by 43.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 16,026 shares of the company’s stock valued at $389,000 after acquiring an additional 4,817 shares during the last quarter. Raymond James & Associates lifted its position in Mattel by 5.3% during the first quarter. Raymond James & Associates now owns 12,092 shares of the company’s stock worth $269,000 after buying an additional 604 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Mattel by 50.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,724 shares of the company’s stock worth $327,000 after buying an additional 4,934 shares in the last quarter. US Bancorp DE boosted its stake in Mattel by 454.7% during the first quarter. US Bancorp DE now owns 31,012 shares of the company’s stock worth $689,000 after buying an additional 25,421 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Mattel by 2.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 39,485 shares of the company’s stock valued at $876,000 after buying an additional 948 shares in the last quarter. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Trading Down 1.8 %

MAT opened at $18.40 on Tuesday. Mattel, Inc. has a 52 week low of $15.36 and a 52 week high of $22.64. The company has a quick ratio of 1.73, a current ratio of 2.33 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $20.29 and a 200-day simple moving average of $20.09. The firm has a market cap of $6.50 billion, a P/E ratio of 80.00, a P/E/G ratio of 1.60 and a beta of 1.18.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.87 by $0.21. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.83 billion. Mattel had a net margin of 1.59% and a return on equity of 19.70%. On average, equities analysts expect that Mattel, Inc. will post 1.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

MAT has been the topic of several analyst reports. Roth Mkm reiterated a “buy” rating and set a $24.00 price target on shares of Mattel in a report on Friday, October 6th. Citigroup assumed coverage on shares of Mattel in a report on Friday, October 20th. They issued a “buy” rating and a $26.00 target price on the stock. TheStreet upgraded shares of Mattel from a “c+” rating to a “b” rating in a report on Wednesday, July 26th. JPMorgan Chase & Co. upped their price objective on Mattel from $24.00 to $25.00 in a report on Thursday, July 27th. Finally, Morgan Stanley cut their target price on Mattel from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, Mattel has an average rating of “Buy” and a consensus target price of $24.60.

Mattel Company Profile

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.