412,600 Shares in Mattel, Inc. $MAT Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in Mattel, Inc. (NASDAQ:MAT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 412,600 shares of the company’s stock, valued at approximately $5,224,000. Jefferies Financial Group Inc. owned about 0.14% of Mattel as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. AlphaCore Capital LLC bought a new stake in shares of Mattel during the 3rd quarter valued at $167,000. Fulcrum Asset Management LLP bought a new position in shares of Mattel in the 3rd quarter worth $114,000. Brighton Jones LLC grew its stake in shares of Mattel by 17.3% during the third quarter. Brighton Jones LLC now owns 13,534 shares of the company’s stock worth $171,000 after purchasing an additional 1,992 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of Mattel by 5.8% during the third quarter. Pictet Asset Management Holding SA now owns 44,558 shares of the company’s stock worth $564,000 after purchasing an additional 2,441 shares during the period. Finally, CenterBook Partners LP increased its holdings in Mattel by 58.1% in the third quarter. CenterBook Partners LP now owns 35,162 shares of the company’s stock valued at $445,000 after purchasing an additional 12,926 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Argus reissued a “buy” rating and issued a $22.00 target price on shares of Mattel in a research note on Tuesday, August 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Mattel in a research note on Wednesday, November 4th. Seaport Research Partners raised shares of Mattel from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Monday, October 12th. UBS Group restated a “buy” rating on shares of Mattel in a report on Thursday, October 1st. Finally, Bank of America reaffirmed a “buy” rating and issued a $21.00 target price on shares of Mattel in a research note on Friday, November 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Mattel presently has a consensus rating of “Hold” and an average price target of $18.09.

Insider Activity

In other news, EVP Roberto Isaias sold 39,083 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $15.02, for a total transaction of $587,026.66. Following the completion of the sale, the executive vice president owned 144,390 shares of the company’s stock, valued at $2,168,737.80. This represents a 21.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.

Mattel Stock Down 3.4%

NASDAQ:MAT opened at $15.53 on Friday. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 1.74 and a beta of 0.59. The company has a current ratio of 1.98, a quick ratio of 1.43 and a debt-to-equity ratio of 1.00. The stock has a 50-day moving average price of $15.10 and a two-hundred day moving average price of $15.28. Mattel, Inc. has a 1 year low of $12.40 and a 1 year high of $22.48.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, November 5th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.36. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Mattel had a return on equity of 20.02% and a net margin of 9.04%. Mattel’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 EPS. As a group, equities analysts expect that Mattel, Inc. will post 1.33 earnings per share for the current year.

About Mattel

Mattel, Inc. is a global toy and family entertainment company founded in 1945 and headquartered in El Segundo, California. It designs, manufactures, and markets toys and games, along with related consumer products and entertainment content. Its well-known brands include Barbie, Hot Wheels, Fisher-Price, American Girl, and UNO. Mattel also develops movies, television programs, digital games, and other content based on its brands, and licenses its intellectual property for products and experiences.