Fox Run Management L.L.C. Sells 25,395 Shares of Mattel, Inc. (NASDAQ:MAT)

Fox Run Management L.L.C. reduced its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 45.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,390 shares of the company's stock after selling 25,395 shares during the quarter. Fox Run Management L.L.C.'s holdings in Mattel were worth $539,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. boosted its position in shares of Mattel by 84.0% in the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock worth $176,757,000 after purchasing an additional 4,270,162 shares during the period. Hennessy Advisors Inc. bought a new position in Mattel in the 4th quarter worth $53,238,000. Point72 Asset Management L.P. increased its stake in Mattel by 54.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,582,369 shares of the company's stock worth $30,144,000 after buying an additional 558,213 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Mattel during the fourth quarter valued at about $7,431,000. Finally, State Street Corp lifted its position in shares of Mattel by 3.1% in the third quarter. State Street Corp now owns 10,517,270 shares of the company's stock valued at $200,354,000 after acquiring an additional 318,125 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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Mattel Price Performance

Mattel stock traded down $0.37 during mid-day trading on Friday, reaching $19.30. 2,365,298 shares of the company's stock traded hands, compared to its average volume of 3,377,882. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $22.07. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 2.35 and a beta of 0.65. The stock has a 50 day moving average of $20.22 and a two-hundred day moving average of $19.30. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT - Get Free Report) last announced its 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 previous year, the business posted $0.29 EPS. Equities analysts forecast 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.