Stratos Wealth Advisors LLC Buys New Shares in Mattel, Inc. (NASDAQ:MAT)

Stratos Wealth Advisors LLC bought a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 80,554 shares of the company's stock, valued at approximately $1,428,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Clear Harbor Asset Management LLC increased its position in Mattel by 5.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company's stock worth $229,000 after buying an additional 675 shares during the period. Nisa Investment Advisors LLC increased its position in Mattel by 2.8% during the third quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company's stock worth $491,000 after buying an additional 693 shares during the period. GAMMA Investing LLC increased its position in Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock worth $63,000 after buying an additional 744 shares during the period. State of Alaska Department of Revenue increased its position in Mattel by 3.0% during the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company's stock worth $752,000 after buying an additional 1,160 shares during the period. Finally, KBC Group NV increased its position in Mattel by 13.8% during the third quarter. KBC Group NV now owns 10,166 shares of the company's stock worth $194,000 after buying an additional 1,229 shares during the period. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Price Performance

MAT traded up $0.04 during trading on Monday, reaching $21.52. 2,293,119 shares of the stock were exchanged, compared to its average volume of 3,487,360. The business's 50 day moving average price is $18.56 and its two-hundred day moving average price is $18.87. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 1.88. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 2.32 and a beta of 0.76. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $21.88.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping 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 quarter in the prior year, the business earned $0.29 EPS. As a group, equities research analysts anticipate that Mattel, Inc. will post 1.69 earnings per share for the current year.

Analyst Ratings Changes

MAT has been the topic of a number of recent research reports. DA Davidson boosted their target price on Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Bank of America boosted their target price on Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, October 24th. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley boosted their target price on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded 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 research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.57.

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.