Foundry Partners LLC acquired a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 28,716 shares of the company's stock, valued at approximately $509,000.
Other institutional investors have also added to or reduced their stakes in the company. Magnetar Financial LLC purchased a new position in Mattel during the 4th quarter valued at $944,000. Arrowstreet Capital Limited Partnership increased its position in shares of Mattel by 34.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company's stock valued at $37,760,000 after buying an additional 545,300 shares during the period. Vanguard Group Inc. raised its stake in Mattel by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company's stock worth $587,469,000 after buying an additional 355,769 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Mattel by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company's stock worth $77,847,000 after buying an additional 127,064 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in Mattel in the fourth quarter worth about $538,000. Hedge funds and other institutional investors own 97.15% of the company's stock.
Analyst Upgrades and Downgrades
MAT has been the subject of a number of research analyst reports. Morgan Stanley raised their target price on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. DA Davidson boosted their target price on shares of Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and increased their price target for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. Finally, StockNews.com raised shares of 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $25.57.
Check Out Our Latest Stock Analysis on Mattel
Mattel Stock Down 8.8 %
NASDAQ MAT traded down $1.39 during mid-day trading on Thursday, reaching $14.47. The stock had a trading volume of 2,840,492 shares, compared to its average volume of 4,094,340. The company has a fifty day moving average price of $19.91 and a 200 day moving average price of $19.15. 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 1 year low of $14.06 and a 1 year high of $22.07. The stock has a market cap of $4.67 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51.
Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating 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 in the prior year, the company earned $0.29 EPS. On average, research analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current year.
Mattel 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.
Further Reading
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