336,197 Shares in Mattel, Inc. (NASDAQ:MAT) Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. bought a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 336,197 shares of the company's stock, valued at approximately $5,961,000. Balyasny Asset Management L.P. owned approximately 0.10% of Mattel at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MAT. Norges Bank purchased a new stake in Mattel in the 4th quarter worth approximately $54,929,000. Hennessy Advisors Inc. bought a new position in shares of Mattel during the 4th quarter valued at $53,238,000. Invesco Ltd. grew its holdings in shares of Mattel by 468.3% during the 4th quarter. Invesco Ltd. now owns 3,394,958 shares of the company's stock valued at $60,193,000 after purchasing an additional 2,797,559 shares during the last quarter. Freestone Grove Partners LP bought a new position in shares of Mattel during the 4th quarter valued at $39,066,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Mattel during the 4th quarter valued at $33,942,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Trading Up 0.6%

Shares of MAT traded up $0.11 during trading hours on Wednesday, reaching $19.78. 5,365,486 shares of the company traded hands, compared to its average volume of 3,727,483. The company's fifty day moving average price is $17.46 and its two-hundred day moving average price is $18.66. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a 12 month low of $13.95 and a 12 month high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.08. The firm had revenue of $826.60 million for the quarter, compared to analyst estimates of $791.49 million. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) EPS. Equities research analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on MAT. Jefferies Financial Group upgraded 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 research report on Wednesday, February 5th. DA Davidson upgraded shares of Mattel to a "strong-buy" rating in a research report on Monday, April 14th. The Goldman Sachs Group decreased their price objective on shares of Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Citigroup boosted their price objective on shares of Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Morgan Stanley boosted their price objective on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.14.

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.