Janney Montgomery Scott LLC Purchases New Holdings in Mattel, Inc. (NASDAQ:MAT)

Janney Montgomery Scott LLC bought a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 30,341 shares of the company's stock, valued at approximately $538,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAT. Clear Harbor Asset Management LLC lifted its stake in Mattel by 5.5% in the 4th quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company's stock worth $229,000 after purchasing an additional 675 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Mattel by 2.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company's stock valued at $491,000 after buying an additional 693 shares in the last quarter. GAMMA Investing LLC raised its position in shares of 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 buying an additional 744 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Mattel by 3.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company's stock valued at $752,000 after buying an additional 1,160 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Mattel by 13.8% during the 3rd quarter. KBC Group NV now owns 10,166 shares of the company's stock valued at $194,000 after buying an additional 1,229 shares in the last quarter. Institutional investors own 97.15% of the company's stock.

Analyst Upgrades and Downgrades

MAT has been the topic of several research reports. Bank of America raised their price objective on shares of Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Morgan Stanley raised their price objective on shares of Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. increased their target price on shares of Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Monday, October 21st. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and increased their target price for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $25.57.

Mattel Trading Down 0.6 %

Mattel stock traded down $0.13 during trading hours on Wednesday, reaching $21.72. The stock had a trading volume of 3,665,895 shares, compared to its average volume of 3,592,238. The stock has a market cap of $7.32 billion, a PE ratio of 13.58, a PEG ratio of 2.32 and a beta of 0.76. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $22.04. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 1.88. The company has a fifty day simple moving average of $18.67 and a 200-day simple moving average of $18.90.

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, topping analysts' consensus estimates 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 firm posted $0.29 EPS. Analysts forecast that Mattel, Inc. will post 1.69 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.