Hennessy Advisors Inc. Takes $53.24 Million Position in Mattel, Inc. (NASDAQ:MAT)

Hennessy Advisors Inc. purchased a new stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,002,700 shares of the company's stock, valued at approximately $53,238,000. Mattel accounts for approximately 1.6% of Hennessy Advisors Inc.'s portfolio, making the stock its 17th biggest holding. Hennessy Advisors Inc. owned about 0.89% of Mattel as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. lifted its holdings in Mattel by 584.3% in the third quarter. UMB Bank n.a. now owns 1,485 shares of the company's stock worth $28,000 after purchasing an additional 1,268 shares during the period. V Square Quantitative Management LLC acquired a new stake in Mattel in the third quarter worth about $29,000. Prospera Private Wealth LLC acquired a new stake in Mattel in the 3rd quarter valued at about $34,000. West Oak Capital LLC lifted its holdings in Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock valued at $35,000 after acquiring an additional 1,955 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Mattel by 38.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock valued at $53,000 after acquiring an additional 775 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Morgan Stanley upped their price target on shares of Mattel from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on shares of Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Jefferies Financial Group upped their price target on shares of Mattel from $18.25 to $20.00 and gave the company a "hold" rating in a report on Tuesday, October 1st. DA Davidson reissued a "buy" rating and issued a $27.00 price target on shares of Mattel in a report on Thursday, October 24th. Finally, Bank of America boosted their price objective on Mattel from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $23.75.

Mattel Stock Down 0.1 %

Shares of NASDAQ MAT traded down $0.01 during trading hours on Friday, hitting $17.93. The stock had a trading volume of 2,397,805 shares, compared to its average volume of 2,457,423. The company has a market capitalization of $6.04 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.88 and a beta of 0.75. The firm's 50-day moving average price is $18.51 and its two-hundred day moving average price is $18.62. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $20.59. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.95 by $0.19. The business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The firm's quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 EPS. Analysts anticipate that Mattel, Inc. will post 1.46 EPS for the current fiscal year.

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.