LSV Asset Management Raises Stake in Mattel, Inc. (NASDAQ:MAT)

LSV Asset Management boosted its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 79.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,094,465 shares of the company's stock after purchasing an additional 1,813,865 shares during the period. LSV Asset Management owned about 1.22% of Mattel worth $72,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of MAT. EverSource Wealth Advisors LLC boosted its position in shares of Mattel by 150.1% in the fourth 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 raised its position in shares of Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock worth $35,000 after purchasing an additional 1,955 shares during the period. TD Private Client Wealth LLC acquired a new position in Mattel during the 4th quarter worth $51,000. GAMMA Investing LLC increased 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 purchasing an additional 744 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in shares of Mattel by 175.1% in 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 in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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Mattel Stock Performance

Shares of MAT traded down $0.06 during midday trading on Wednesday, reaching $14.86. 919,705 shares of the stock were exchanged, compared to its average volume of 3,538,602. The company has a market cap of $4.80 billion, a P/E ratio of 9.29, a PEG ratio of 2.35 and a beta of 0.51. Mattel, Inc. has a twelve month low of $13.95 and a twelve month high of $22.07. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The stock's 50 day simple moving average is $19.55 and its 200 day simple moving average is $19.04.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share 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 quarter in the previous year, the firm earned $0.29 EPS. On average, sell-side analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Morgan Stanley lifted their target price 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. Finally, DA Davidson upgraded shares of Mattel to a "strong-buy" rating in a research report on Monday. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $25.57.

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.