Empirical Finance LLC Takes $502,000 Position in Mattel, Inc. (NASDAQ:MAT)

Empirical Finance LLC acquired a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,337 shares of the company's stock, valued at approximately $502,000.

Several other hedge funds also recently modified their holdings of MAT. Franklin Resources Inc. grew its stake in shares of Mattel by 84.0% during the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock valued at $176,757,000 after purchasing an additional 4,270,162 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Mattel during the fourth quarter valued at approximately $53,238,000. Point72 Asset Management L.P. grew its stake in shares of Mattel by 54.5% during the third quarter. Point72 Asset Management L.P. now owns 1,582,369 shares of the company's stock valued at $30,144,000 after purchasing an additional 558,213 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Mattel during the third quarter valued at approximately $8,997,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Mattel during the fourth quarter valued at approximately $7,431,000. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Trading Up 0.1 %

Shares of NASDAQ MAT traded up $0.02 during midday trading on Friday, reaching $21.94. 3,730,781 shares of the stock were exchanged, compared to its average volume of 3,620,666. The business has a 50-day simple moving average of $18.80 and a two-hundred day simple moving average of $18.96. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 2.32 and a beta of 0.76. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $22.07. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 1.88.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same quarter in the previous year, the business earned $0.29 EPS. As a group, equities research analysts expect that Mattel, Inc. will post 1.69 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. DA Davidson increased their price target on shares of Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and raised their price objective for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research note on Saturday, February 8th. Bank of America raised their price objective on shares of Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $25.57.

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.