Wells Fargo & Company MN Has $3.42 Million Stake in Mattel, Inc. (NASDAQ:MAT)

Wells Fargo & Company MN increased its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 69.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 192,769 shares of the company's stock after acquiring an additional 78,805 shares during the period. Wells Fargo & Company MN owned about 0.06% of Mattel worth $3,418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Magnetar Financial LLC acquired a new stake in shares of Mattel in the 4th quarter valued at $944,000. Arrowstreet Capital Limited Partnership lifted its holdings in Mattel by 34.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company's stock valued at $37,760,000 after purchasing an additional 545,300 shares during the last quarter. Vanguard Group Inc. boosted its position in Mattel by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company's stock valued at $587,469,000 after buying an additional 355,769 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Mattel in the fourth quarter valued at about $660,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Mattel by 3.0% during the fourth 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 last quarter. Institutional investors own 97.15% of the company's stock.

Mattel Trading Down 0.6 %

NASDAQ:MAT traded down $0.09 during trading hours on Friday, hitting $15.68. The stock had a trading volume of 3,684,095 shares, compared to its average volume of 3,577,682. The business's 50 day moving average is $18.48 and its 200-day moving average is $18.81. 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 has a market cap of $5.06 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 2.35 and a beta of 0.51. Mattel, Inc. has a one year low of $13.95 and a one year high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results 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 return on equity of 25.94% and a net margin of 10.07%. During the same quarter last year, the firm earned $0.29 EPS. Sell-side analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MAT shares. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Morgan Stanley boosted their price objective on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and increased their target price for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, DA Davidson raised Mattel to a "strong-buy" rating in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $26.40.

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.