Prudential Financial Inc. Raises Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Prudential Financial Inc. raised its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 44.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 523,469 shares of the company's stock after purchasing an additional 160,640 shares during the period. Prudential Financial Inc. owned about 0.16% of Mattel worth $9,815,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Magnetar Financial LLC acquired a new position in shares of Mattel in the fourth quarter valued at approximately $944,000. Citigroup Inc. grew its stake in Mattel by 449.9% in the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company's stock worth $5,562,000 after acquiring an additional 238,884 shares during the period. FORA Capital LLC acquired a new position in Mattel in the 3rd quarter valued at $1,003,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Mattel by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company's stock worth $77,847,000 after purchasing an additional 127,064 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Mattel by 53.2% during the third quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company's stock worth $3,283,000 after purchasing an additional 59,845 shares during the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on MAT. Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and upped their target price for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. DA Davidson lifted 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. Morgan Stanley upped their price objective on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Finally, StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.57.

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Mattel Stock Up 0.6 %

Mattel stock traded up $0.13 during trading on Wednesday, reaching $19.56. 606,836 shares of the company's stock were exchanged, compared to its average volume of 3,370,201. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $22.07. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 2.35 and a beta of 0.51. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The company's 50-day moving average is $20.28 and its two-hundred day moving average is $19.32.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. On average, analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current 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.