Capula Management Ltd purchased a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,827 shares of the company's stock, valued at approximately $387,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its holdings in Mattel by 84.0% during the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock worth $176,757,000 after acquiring an additional 4,270,162 shares during the last quarter. Norges Bank bought a new stake in shares of Mattel during the fourth quarter valued at approximately $54,929,000. Hennessy Advisors Inc. acquired a new stake in shares of Mattel in the fourth quarter valued at approximately $53,238,000. Invesco Ltd. raised its position in 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 acquired a new position in Mattel during the 4th quarter worth $13,120,000. Institutional investors own 97.15% of the company's stock.
Mattel Trading Up 1.8 %
Mattel stock traded up $0.27 during mid-day trading on Friday, hitting $15.04. 6,031,858 shares of the company's stock were exchanged, compared to its average volume of 3,527,256. The company's 50 day simple moving average is $19.79 and its 200-day simple moving average is $19.09. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $4.86 billion, a P/E ratio of 9.40, a PEG ratio of 2.35 and a beta of 0.51. 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 released its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates 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 company earned $0.29 EPS. On average, equities analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. Morgan Stanley lifted their target price on shares of Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Jefferies Financial Group raised Mattel from a "hold" rating to a "buy" rating and increased their price target for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Finally, StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.57.
Read Our Latest Stock Analysis on Mattel
Mattel Company Profile
(
Free Report)
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.
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