Kentucky Retirement Systems Insurance Trust Fund Acquires New Holdings in Mattel, Inc. (NASDAQ:MAT)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 11,985 shares of the company's stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MAT. Kestra Investment Management LLC increased its position in shares of Mattel by 45.5% in the 4th quarter. Kestra Investment Management LLC now owns 45,349 shares of the company's stock valued at $804,000 after acquiring an additional 14,185 shares during the period. Venturi Wealth Management LLC grew its position in Mattel by 175.1% during 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. CIBC Asset Management Inc grew its position in shares of Mattel by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 10,962 shares of the company's stock valued at $194,000 after acquiring an additional 601 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Mattel during the 4th quarter valued at about $1,025,000. Finally, Rhumbline Advisers grew its position in shares of Mattel by 1.9% during the 4th quarter. Rhumbline Advisers now owns 928,192 shares of the company's stock valued at $16,457,000 after acquiring an additional 17,590 shares during the period. Hedge funds and other institutional investors own 97.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. DA Davidson raised 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. Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and raised their price objective for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Morgan Stanley raised 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 report on Saturday, February 8th. Finally, Bank of America raised their price objective on Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $25.57.

Mattel Trading Down 3.6 %

Shares of NASDAQ MAT traded down $0.78 during trading on Friday, hitting $21.03. 2,195,665 shares of the company were exchanged, compared to its average volume of 3,576,757. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $22.07. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The company has a fifty day moving average price of $19.02 and a 200-day moving average price of $19.03. The firm has a market capitalization of $7.08 billion, a PE ratio of 13.14, a P/E/G ratio of 2.35 and a beta of 0.76.

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, topping the consensus estimate 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 firm posted $0.29 EPS. As a group, equities research analysts expect that Mattel, Inc. will post 1.7 EPS for the current 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.