D. E. Shaw & Co. Inc. Purchases 34,046 Shares of Mattel, Inc. (NASDAQ:MAT)

D. E. Shaw & Co. Inc. raised its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 952,260 shares of the company's stock after acquiring an additional 34,046 shares during the period. D. E. Shaw & Co. Inc. owned about 0.28% of Mattel worth $16,884,000 as of its most recent SEC filing.

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

Mattel Stock Performance

Mattel stock opened at $19.00 on Tuesday. The company has a market cap of $6.14 billion, a PE ratio of 11.88, a PEG ratio of 2.35 and a beta of 0.61. 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 1 year low of $13.95 and a 1 year high of $22.07. The company's 50-day moving average is $17.48 and its two-hundred day moving average is $18.65.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.03) earnings per share 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 business had revenue of $826.60 million for the quarter, compared to analyst estimates of $791.49 million. During the same period in the prior year, the business posted ($0.05) earnings per share. Mattel's revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MAT has been the subject of a number of research analyst reports. Citigroup lifted 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. Morgan Stanley boosted their price objective on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group lowered their target price on Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. DA Davidson upgraded shares of Mattel to a "strong-buy" rating in a research report on Monday, April 14th. Finally, StockNews.com upgraded shares of Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus 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.

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