Legal & General Group Plc Has $8.46 Million Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Legal & General Group Plc decreased its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 34.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 477,324 shares of the company's stock after selling 250,840 shares during the quarter. Legal & General Group Plc owned about 0.14% of Mattel worth $8,463,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MAT. Franklin Resources Inc. lifted its holdings in Mattel by 84.0% during the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock valued at $176,757,000 after purchasing an additional 4,270,162 shares during the last quarter. Norges Bank bought a new stake in shares of Mattel during the 4th quarter worth about $54,929,000. Hennessy Advisors Inc. acquired a new position in Mattel in the 4th quarter valued at about $53,238,000. Invesco Ltd. lifted its position in Mattel by 468.3% during the fourth quarter. Invesco Ltd. now owns 3,394,958 shares of the company's stock worth $60,193,000 after acquiring an additional 2,797,559 shares during the last quarter. Finally, Ranmore Fund Management Ltd bought a new stake in shares of Mattel during the fourth quarter worth approximately $13,120,000. Institutional investors and hedge funds own 97.15% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on MAT shares. DA Davidson raised Mattel to a "strong-buy" rating in a report on Monday, April 14th. Morgan Stanley upped their price target 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. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and boosted their price target for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mattel presently has a consensus rating of "Moderate Buy" and an average price target of $25.57.

Mattel Stock Performance

Shares of NASDAQ:MAT opened at $14.83 on Friday. The company's 50 day simple moving average is $19.15 and its 200 day simple moving average is $18.95. 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, Inc. has a 1 year low of $13.95 and a 1 year high of $22.07. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating 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 firm earned $0.29 EPS. As a group, research analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Mattel 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.

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