Comerica Bank Buys 50,786 Shares of Mattel, Inc. (NASDAQ:MAT)

Comerica Bank lifted its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 19.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 312,466 shares of the company's stock after purchasing an additional 50,786 shares during the quarter. Comerica Bank owned about 0.09% of Mattel worth $5,540,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Magnetar Financial LLC bought a new stake in Mattel in the 4th quarter valued at $944,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Mattel by 34.4% during the fourth 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 in the last quarter. Vanguard Group Inc. raised its holdings in Mattel by 1.1% in the 4th 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 during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Mattel in the fourth quarter worth $660,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Mattel by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company's stock worth $77,847,000 after acquiring an additional 127,064 shares during the period. 97.15% of the stock is owned by institutional investors.

Mattel Stock Down 0.9 %

Shares of MAT traded down $0.16 during trading hours on Thursday, reaching $17.27. The stock had a trading volume of 7,660,807 shares, compared to its average volume of 3,678,150. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 2.35 and a beta of 0.61. The firm has a 50-day simple moving average of $17.65 and a 200 day simple moving average of $18.66. 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 $13.95 and a 12 month high of $22.07.

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

Wall Street Analysts Forecast Growth

MAT has been the topic of a number of research analyst reports. Citigroup upped their price target on shares of Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday. DA Davidson raised Mattel to a "strong-buy" rating in a research note on Monday, April 14th. Morgan Stanley lifted their target price on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Tuesday. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group lowered their price objective on shares of Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.14.

Mattel 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.