HS Management Partners LLC Has $42.55 Million Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

HS Management Partners LLC grew its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,399,700 shares of the company's stock after purchasing an additional 284,125 shares during the period. Mattel comprises 2.9% of HS Management Partners LLC's holdings, making the stock its 20th largest holding. HS Management Partners LLC owned 0.71% of Mattel worth $42,547,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. 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 worth $194,000 after purchasing an additional 601 shares in the last quarter. Clear Harbor Asset Management LLC boosted its position in shares of Mattel by 5.5% during 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 position 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 worth $491,000 after acquiring an additional 693 shares in the last quarter. GAMMA Investing LLC boosted 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 worth $63,000 after acquiring an additional 744 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position 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 worth $752,000 after acquiring an additional 1,160 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

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Analyst Ratings Changes

Several analysts recently issued reports on the stock. DA Davidson increased their price target on shares of Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. Morgan Stanley increased their price target on shares of Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. StockNews.com lowered shares of Mattel from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and increased their price target for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.57.

Mattel Price Performance

Mattel stock traded up $0.33 during mid-day trading on Friday, reaching $21.00. The company had a trading volume of 2,993,355 shares, compared to its average volume of 3,207,553. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $22.07. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The company has a market cap of $7.00 billion, a P/E ratio of 13.13, a P/E/G ratio of 2.35 and a beta of 0.65. The business has a fifty day simple moving average of $19.64 and a 200 day simple moving average of $19.20.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the company earned $0.29 earnings per share. On average, equities research analysts predict that Mattel, Inc. will post 1.7 earnings per share 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.