KLP Kapitalforvaltning AS bought a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 96,900 shares of the company's stock, valued at approximately $1,718,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Mattel by 150.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after buying an additional 926 shares during the period. West Oak Capital LLC boosted its holdings in Mattel by 9,775.0% during the fourth 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 period. TD Private Client Wealth LLC acquired a new stake in shares of Mattel in the fourth quarter valued at about $51,000. GAMMA Investing LLC increased its stake in shares of Mattel by 26.6% in the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock worth $63,000 after purchasing an additional 744 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in shares of Mattel by 175.1% in the fourth 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. Institutional investors and hedge funds own 97.15% of the company's stock.
Mattel Price Performance
Shares of MAT stock traded up $0.44 during mid-day trading on Wednesday, reaching $19.87. The company's stock had a trading volume of 2,977,200 shares, compared to its average volume of 3,380,716. The firm's 50-day moving average is $20.32 and its two-hundred day moving average is $19.32. The company has a market cap of $6.42 billion, a P/E ratio of 12.42, a PEG ratio of 2.35 and a beta of 0.51. Mattel, Inc. has a 1-year low of $15.87 and a 1-year 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.
Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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 firm earned $0.29 earnings per share. On average, research analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current year.
Analyst Ratings Changes
MAT has been the topic of a number of research analyst reports. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and boosted their target price for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. DA Davidson increased their price target on shares of Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Finally, Morgan Stanley boosted their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Three investment 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 target price of $25.57.
Check Out Our Latest Stock Analysis on MAT
About Mattel
(
Free Report)
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.
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