25,886 Shares in Mattel, Inc. (NASDAQ:MAT) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,886 shares of the company's stock, valued at approximately $459,000.

A number of other hedge funds also recently made changes to their positions in MAT. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Mattel in the fourth quarter valued at approximately $3,966,000. Mackenzie Financial Corp bought a new stake in Mattel in the 4th quarter valued at $313,000. Alpine Global Management LLC bought a new stake in Mattel in the 4th quarter valued at $215,000. Vident Advisory LLC acquired a new position in Mattel in the 4th quarter valued at $618,000. Finally, Two Sigma Investments LP increased its position in Mattel by 34.7% during the 4th quarter. Two Sigma Investments LP now owns 83,834 shares of the company's stock worth $1,486,000 after buying an additional 21,583 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their target price on shares of Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Morgan Stanley increased their target price on shares of Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. DA Davidson reiterated a "buy" rating and issued a $30.00 price target on shares of Mattel in a research report on Thursday, May 15th. The Goldman Sachs Group reduced their price target on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, Wall Street Zen raised Mattel from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Mattel presently has an average rating of "Moderate Buy" and an average price target of $24.14.

Mattel Price Performance

MAT traded down $0.50 during trading on Friday, hitting $18.80. 1,885,643 shares of the stock traded hands, compared to its average volume of 3,738,268. The business has a 50 day moving average price of $17.36 and a 200 day moving average price of $18.66. 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 twelve month low of $13.95 and a twelve month high of $22.07. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 2.35 and a beta of 0.66.

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, topping the consensus estimate of ($0.11) by $0.08. Mattel had a return on equity of 25.94% and a net margin of 10.07%. The business had revenue of $826.60 million during the quarter, compared to the consensus estimate of $791.49 million. During the same period in the prior year, the company earned ($0.05) EPS. Mattel's revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts forecast that Mattel, Inc. will post 1.7 earnings per share 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.