AGF Management Ltd. Acquires New Shares in Mattel, Inc. (NASDAQ:MAT)

AGF Management Ltd. purchased a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 137,126 shares of the company's stock, valued at approximately $2,431,000.

Several other hedge funds also recently added to or reduced their stakes in MAT. Wealthfront Advisers LLC purchased a new stake in Mattel during the fourth quarter worth $989,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Mattel by 1.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 81,906 shares of the company's stock valued at $1,452,000 after purchasing an additional 1,334 shares in the last quarter. HS Management Partners LLC increased its position in shares of Mattel by 13.4% in the fourth quarter. HS Management Partners LLC now owns 2,399,700 shares of the company's stock valued at $42,547,000 after buying an additional 284,125 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Mattel during the fourth quarter worth $660,000. Finally, Aigen Investment Management LP acquired a new position in shares of Mattel during the 4th quarter worth about $758,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Trading Up 2.1 %

Mattel stock traded up $0.42 during trading on Monday, reaching $20.17. 3,466,218 shares of the company were exchanged, compared to its average volume of 3,180,015. The stock's 50 day simple moving average is $19.90 and its two-hundred day simple moving average is $19.23. The company has a market capitalization of $6.72 billion, a P/E ratio of 12.61, a PEG ratio of 2.35 and a beta of 0.65. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $22.07.

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Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same quarter last year, the firm posted $0.29 EPS. On average, equities research analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MAT. Morgan Stanley lifted their price objective on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. DA Davidson lifted their price target on Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and lifted their target price for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Mattel presently has a consensus rating of "Moderate Buy" and an average price target of $25.57.

Mattel Company 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.