Kestra Investment Management LLC Boosts Stake in Mattel, Inc. (NASDAQ:MAT)

Kestra Investment Management LLC lifted its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 45.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,349 shares of the company's stock after buying an additional 14,185 shares during the quarter. Kestra Investment Management LLC's holdings in Mattel were worth $804,000 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. CIBC Asset Management Inc raised its position in shares of Mattel by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 10,962 shares of the company's stock worth $194,000 after acquiring an additional 601 shares in the last quarter. Clear Harbor Asset Management LLC raised its position in shares of 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 acquiring an additional 675 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings 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 boosted its holdings 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. Finally, State of Alaska Department of Revenue boosted its holdings 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. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Stock Performance

Mattel stock traded down $0.65 during midday trading on Friday, reaching $21.15. 4,653,125 shares of the company traded hands, compared to its average volume of 3,653,418. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 2.35 and a beta of 0.76. The business has a 50 day moving average of $19.02 and a two-hundred day moving average of $19.03. 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 current ratio of 2.38 and a quick ratio of 2.00.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings data 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 period last year, the company earned $0.29 earnings per share. As a group, research analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MAT shares. Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and raised their target price for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a report on Saturday, February 8th. 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 note on Thursday, October 24th. DA Davidson raised their price objective on shares of Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Finally, 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 note on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.