Bank of Nova Scotia Purchases Shares of 20,066 Mattel, Inc. (NASDAQ:MAT)

Bank of Nova Scotia bought a new stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 20,066 shares of the company's stock, valued at approximately $356,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Franklin Resources Inc. lifted its position in Mattel by 84.0% in the 3rd 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. Norges Bank acquired a new stake in Mattel in the fourth quarter worth approximately $54,929,000. Hennessy Advisors Inc. bought a new position in Mattel during the fourth quarter valued at about $53,238,000. Invesco Ltd. grew its stake in shares of Mattel by 468.3% in the 4th quarter. Invesco Ltd. now owns 3,394,958 shares of the company's stock worth $60,193,000 after purchasing an additional 2,797,559 shares during the last quarter. Finally, Ranmore Fund Management Ltd bought a new position in shares of Mattel in the fourth quarter valued at $13,120,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Performance

NASDAQ MAT traded up $0.19 during midday trading on Friday, hitting $14.83. The company had a trading volume of 4,774,089 shares, compared to its average volume of 3,567,332. The firm has a fifty day simple moving average of $19.15 and a two-hundred day simple moving average of $18.95. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 2.35 and a beta of 0.51. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating 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 business earned $0.29 EPS. Equities analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MAT has been the topic of a number of research analyst reports. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. DA Davidson raised shares of Mattel to a "strong-buy" rating in a research report on Monday, April 14th. Morgan Stanley upped their price target on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and boosted their target price for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.