37,222 Shares in Mattel, Inc. (NASDAQ:MAT) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 37,222 shares of the company's stock, valued at approximately $660,000.

A number of other hedge funds have also recently modified their holdings of MAT. Charles Schwab Investment Management Inc. increased its stake in Mattel by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company's stock worth $77,847,000 after buying an additional 127,064 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Mattel during the fourth quarter valued at $538,000. DJE Kapital AG bought a new stake in shares of Mattel in the fourth quarter valued at about $1,081,000. Stratos Wealth Advisors LLC purchased a new stake in shares of Mattel in the 4th quarter worth approximately $1,428,000. Finally, Hantz Financial Services Inc. lifted its holdings in Mattel by 14.7% during the fourth quarter. Hantz Financial Services Inc. now owns 197,593 shares of the company's stock worth $3,503,000 after buying an additional 25,256 shares during the period. Institutional investors own 97.15% of the company's stock.

Analysts Set New Price Targets

MAT has been the subject of a number of recent analyst reports. DA Davidson raised their price objective on Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and boosted their price objective for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, Morgan Stanley upped their target price on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Mattel presently has an average rating of "Moderate Buy" and a consensus price target of $25.57.

Mattel Stock Performance

NASDAQ MAT traded up $0.27 on Friday, reaching $15.04. 6,031,858 shares of the company's stock traded hands, compared to its average volume of 3,527,256. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. 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 firm has a market cap of $4.86 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 2.35 and a beta of 0.51. The stock has a 50 day moving average price of $19.79 and a 200-day moving average price of $19.09.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings data 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 return on equity of 25.94% and a net margin of 10.07%. During the same period in the previous year, the firm posted $0.29 earnings per share. Equities research analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

About Mattel

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.