Envestnet Asset Management Inc. Buys 22,093 Shares of Mattel, Inc. (NASDAQ:MAT)

Envestnet Asset Management Inc. raised its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 56.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,403 shares of the company's stock after acquiring an additional 22,093 shares during the period. Envestnet Asset Management Inc.'s holdings in Mattel were worth $1,089,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Franklin Resources Inc. raised its holdings in shares of Mattel by 84.0% during the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock worth $176,757,000 after buying an additional 4,270,162 shares in the last quarter. Norges Bank acquired a new position in Mattel during the fourth quarter worth about $54,929,000. Hennessy Advisors Inc. bought a new position in shares of Mattel in the fourth quarter worth about $53,238,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Mattel by 34.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company's stock valued at $37,760,000 after purchasing an additional 545,300 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Mattel during the 4th quarter valued at approximately $7,431,000. Institutional investors own 97.15% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MAT. Morgan Stanley raised their target price on shares of Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. DA Davidson raised Mattel to a "strong-buy" rating in a report on Monday, April 14th. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and raised their price objective for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Mattel has a consensus rating of "Moderate Buy" and an average target price of $26.40.

Mattel Trading Up 3.2 %

Shares of Mattel stock traded up $0.51 during midday trading on Friday, reaching $16.38. The company had a trading volume of 5,877,974 shares, compared to its average volume of 3,606,486. The firm has a market cap of $5.29 billion, a PE ratio of 10.24, a P/E/G ratio of 2.35 and a beta of 0.61. The stock has a fifty day moving average price of $17.92 and a 200 day moving average price of $18.70. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period last year, the company posted $0.29 EPS. On average, equities analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current 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.