D. E. Shaw & Co. Inc. increased its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 952,260 shares of the company's stock after purchasing an additional 34,046 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.28% of Mattel worth $16,884,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its stake in Mattel by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 10,962 shares of the company's stock worth $194,000 after purchasing an additional 601 shares in the last quarter. Clear Harbor Asset Management LLC boosted its stake in Mattel by 5.5% in the 4th quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company's stock worth $229,000 after purchasing an additional 675 shares in the last quarter. Xponance Inc. boosted its stake in Mattel by 1.6% in the 4th quarter. Xponance Inc. now owns 46,262 shares of the company's stock worth $820,000 after purchasing an additional 739 shares in the last quarter. GAMMA Investing LLC boosted its stake in Mattel by 26.6% in the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock worth $63,000 after purchasing an additional 744 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Mattel by 150.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after purchasing an additional 926 shares in the last quarter. Institutional investors own 97.15% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on MAT. The Goldman Sachs Group dropped their price target on shares of Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Jefferies Financial Group upgraded shares of 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. Citigroup upped their target price on shares of Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. DA Davidson restated a "buy" rating and set a $30.00 target price on shares of Mattel in a research note on Thursday. Finally, Morgan Stanley upped their target price on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.14.
Check Out Our Latest Research Report on Mattel
Mattel Stock Performance
MAT traded down $0.02 during midday trading on Friday, hitting $20.10. 4,265,408 shares of the company traded hands, compared to its average volume of 3,755,387. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $6.49 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. The company's 50-day moving average is $17.41 and its 200 day moving average is $18.65. Mattel, Inc. has a 52 week low of $13.95 and a 52 week 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) EPS for the quarter, beating 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 firm had revenue of $826.60 million during the quarter, compared to analyst estimates of $791.49 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.
About Mattel
(
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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