19,275 Shares in Mattel, Inc. (NASDAQ:MAT) Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. acquired a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,275 shares of the company's stock, valued at approximately $375,000.

Other large investors also recently modified their holdings of the company. EdgePoint Investment Group Inc. lifted its position in Mattel by 14.9% during the fourth quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company's stock valued at $818,681,000 after purchasing an additional 5,984,400 shares in the last quarter. Vanguard Group Inc. lifted its position in Mattel by 1.1% during the fourth 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 in the last quarter. Franklin Resources Inc. lifted its position in Mattel by 15.9% during the fourth quarter. Franklin Resources Inc. now owns 10,843,505 shares of the company's stock valued at $192,255,000 after purchasing an additional 1,491,282 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Mattel by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,673,295 shares of the company's stock valued at $118,318,000 after purchasing an additional 453,390 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position 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 valued at $77,847,000 after purchasing an additional 127,064 shares in the last quarter. Institutional investors own 97.15% of the company's stock.

Mattel Price Performance

Shares of Mattel stock opened at $19.80 on Friday. The stock's 50-day simple moving average is $18.27 and its 200-day simple moving average is $18.67. Mattel, Inc. has a 52 week low of $13.95 and a 52 week high of $22.07. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 2.03 and a beta of 0.66. The company has a quick ratio of 1.86, a current ratio of 2.43 and a debt-to-equity ratio of 1.10.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.08. The company had revenue of $826.60 million for the quarter, compared to the consensus estimate of $791.49 million. Mattel had a return on equity of 25.80% and a net margin of 9.82%. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) earnings per share. As a group, analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on MAT. Morgan Stanley lifted their target price on Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. DA Davidson reiterated a "buy" rating and set a $30.00 target price on shares of Mattel in a research report on Thursday, May 15th. The Goldman Sachs Group lowered their price objective on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Citigroup boosted their price objective on Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Finally, Wall Street Zen downgraded Mattel from a "buy" rating to a "hold" rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.43.

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.

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