HighTower Advisors LLC increased its stake in shares of Mattel, Inc. (NASDAQ:MAT – Free Report) by 5.4% during the 4th quarter, Holdings Channel reports. The fund owned 30,923 shares of the company’s stock after acquiring an additional 1,575 shares during the period. HighTower Advisors LLC’s holdings in Mattel were worth $548,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in shares of Mattel by 84.0% during the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after purchasing an additional 4,270,162 shares during the period. Hennessy Advisors Inc. bought a new stake in Mattel in the 4th quarter valued at about $53,238,000. Point72 Asset Management L.P. increased its position 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 valued at $30,144,000 after buying an additional 558,213 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Mattel during the 4th quarter worth approximately $7,431,000. Finally, State Street Corp boosted its holdings in Mattel by 3.1% in the third quarter. State Street Corp now owns 10,517,270 shares of the company’s stock worth $200,354,000 after acquiring an additional 318,125 shares in the last quarter. 97.15% of the stock is owned by institutional investors.
Mattel Price Performance
Shares of NASDAQ:MAT opened at $19.30 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The stock has a market cap of $6.23 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. The stock’s fifty day simple moving average is $20.22 and its two-hundred day simple moving average is $19.30. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $22.07.
Mattel (NASDAQ:MAT – Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 company earned $0.29 EPS. As a group, analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal year.
Wall Street Analyst Weigh In
MAT has been the subject of several recent research reports. Jefferies Financial Group upgraded 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. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Morgan Stanley raised their price objective on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Finally, DA Davidson boosted 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Mattel currently has an average rating of “Moderate Buy” and a consensus target price of $25.57.
Check Out Our Latest Analysis on Mattel
Mattel Company Profile
(Free Report)
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.
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