Franklin Resources Inc. Boosts Stock Position in Mattel, Inc. (NASDAQ:MAT)

Franklin Resources Inc. lifted its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,843,505 shares of the company's stock after buying an additional 1,491,282 shares during the period. Franklin Resources Inc. owned about 3.22% of Mattel worth $192,255,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its position in Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock valued at $27,000 after acquiring an additional 926 shares during the last quarter. West Oak Capital LLC boosted its stake in shares of Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock worth $35,000 after purchasing an additional 1,955 shares during the period. TD Private Client Wealth LLC purchased a new position in shares of Mattel during the 4th quarter worth about $51,000. GAMMA Investing LLC grew its holdings in Mattel by 26.6% during the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock valued at $63,000 after purchasing an additional 744 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Mattel by 175.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock worth $83,000 after purchasing an additional 2,972 shares during the period. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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Mattel Stock Down 16.6 %

Shares of MAT stock traded down $3.29 on Thursday, hitting $16.58. The stock had a trading volume of 9,847,933 shares, compared to its average volume of 3,410,656. Mattel, Inc. has a one year low of $15.87 and a one year high of $22.07. The business has a 50 day moving average price of $20.29 and a 200 day moving average price of $19.30. The company has a market cap of $5.35 billion, a PE ratio of 10.36, 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 (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating the consensus estimate 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 period last year, the company posted $0.29 earnings per share. Research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

MAT has been the subject of several recent analyst reports. DA Davidson boosted their target price on Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Morgan Stanley boosted their price objective on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group upgraded 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 report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Mattel has an average 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.