Mattel, Inc. (NASDAQ:MAT) is Barington Capital Group L.P.'s 6th Largest Position

Barington Capital Group L.P. decreased its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 525,100 shares of the company's stock after selling 50,000 shares during the period. Mattel accounts for 8.5% of Barington Capital Group L.P.'s investment portfolio, making the stock its 6th largest holding. Barington Capital Group L.P. owned about 0.16% of Mattel worth $9,310,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Magnetar Financial LLC purchased a new position in Mattel during the 4th quarter worth $944,000. Arrowstreet Capital Limited Partnership raised its position in Mattel by 34.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company's stock worth $37,760,000 after buying an additional 545,300 shares during the last quarter. Vanguard Group Inc. raised its position in Mattel by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company's stock worth $587,469,000 after buying an additional 355,769 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Mattel during the 4th quarter worth $660,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Mattel by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company's stock valued at $77,847,000 after purchasing an additional 127,064 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Wall Street Analysts Forecast Growth

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

Mattel Stock Performance

MAT traded up $0.04 during trading on Thursday, reaching $15.93. 1,851,447 shares of the company were exchanged, compared to its average volume of 4,181,384. Mattel, Inc. has a 52 week low of $13.94 and a 52 week high of $22.07. The stock has a market cap of $5.14 billion, a P/E ratio of 9.96, a PEG ratio of 2.35 and a beta of 0.51. The firm has a 50 day moving average of $18.13 and a 200 day moving average of $18.74. 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 (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating 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 period last year, the business earned $0.29 earnings per share. On average, sell-side analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

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.