Alps Advisors Inc. Makes New Investment in Mattel, Inc. (NASDAQ:MAT)

Alps Advisors Inc. bought a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,810 shares of the company's stock, valued at approximately $346,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Mattel in the fourth quarter valued at approximately $660,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Mattel by 1.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 81,906 shares of the company's stock valued at $1,452,000 after purchasing an additional 1,334 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Mattel by 5.4% in the fourth quarter. HighTower Advisors LLC now owns 30,923 shares of the company's stock valued at $548,000 after purchasing an additional 1,575 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after buying an additional 926 shares in the last quarter. Finally, Xponance Inc. grew its position in Mattel by 1.6% during the fourth quarter. Xponance Inc. now owns 46,262 shares of the company's stock worth $820,000 after buying an additional 739 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Analyst Upgrades and Downgrades

MAT has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price target on Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Roth Capital set a $22.00 target price on Mattel and gave the stock a "neutral" rating in a report on Friday, July 11th. Citigroup upped their price target on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Morgan Stanley upped their price target on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen cut Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Mattel has an average rating of "Moderate Buy" and a consensus price target of $24.13.

Mattel Stock Performance

NASDAQ MAT traded down $0.11 on Thursday, reaching $19.49. 3,443,726 shares of the company's stock traded hands, compared to its average volume of 3,629,307. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 2.05 and a beta of 0.66. The stock has a 50 day moving average price of $19.37 and a 200-day moving average price of $18.82. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.43.

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 9.82% and a return on equity of 25.80%. The firm had revenue of $826.60 million during the quarter, compared to the consensus estimate of $791.49 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

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.