Vanguard Group Inc. Has $587.47 Million Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Vanguard Group Inc. boosted its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,134,174 shares of the company's stock after acquiring an additional 355,769 shares during the quarter. Vanguard Group Inc. owned 9.84% of Mattel worth $587,469,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its stake in shares of Mattel by 150.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock valued at $27,000 after purchasing an additional 926 shares during the period. West Oak Capital LLC lifted its position in shares of Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock worth $35,000 after buying an additional 1,955 shares during the period. TD Private Client Wealth LLC acquired a new stake in Mattel in the 4th quarter valued at $51,000. GAMMA Investing LLC grew its position in Mattel by 26.6% in the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock valued at $63,000 after acquiring an additional 744 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Mattel by 175.1% during the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock worth $83,000 after acquiring an additional 2,972 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on MAT. DA Davidson boosted their target price on shares of Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Morgan Stanley lifted their price target on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, Jefferies Financial Group raised Mattel from a "hold" rating to a "buy" rating and lifted their target price for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $25.57.

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Mattel Trading Down 16.6 %

Shares of NASDAQ:MAT traded down $3.29 during midday trading on Thursday, hitting $16.58. The company had a trading volume of 9,847,278 shares, compared to its average volume of 3,406,376. The firm has a fifty day simple moving average of $20.32 and a 200 day simple moving average of $19.32. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 2.35 and a beta of 0.51. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $22.07.

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