24,451 Shares in Mattel, Inc. (NASDAQ:MAT) Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. acquired a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,451 shares of the company's stock, valued at approximately $475,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAT. EdgePoint Investment Group Inc. lifted its position in shares of Mattel by 14.9% during the fourth quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company's stock worth $818,681,000 after purchasing an additional 5,984,400 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Mattel by 1.1% in 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 during the period. Franklin Resources Inc. increased its stake in shares of 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 acquiring an additional 1,491,282 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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 acquiring an additional 453,390 shares during the period. Finally, LSV Asset Management increased its stake in shares of Mattel by 79.5% during the fourth quarter. LSV Asset Management now owns 4,094,465 shares of the company's stock valued at $72,595,000 after acquiring an additional 1,813,865 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Down 0.7%

MAT stock traded down $0.15 during midday trading on Friday, reaching $20.08. The company had a trading volume of 2,033,505 shares, compared to its average volume of 3,621,620. Mattel, Inc. has a 1 year low of $13.95 and a 1 year high of $22.07. The company has a current ratio of 2.43, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $6.48 billion, a P/E ratio of 12.86, a PEG ratio of 2.10 and a beta of 0.66. The company has a 50 day moving average of $19.12 and a two-hundred day moving average of $18.77.

Mattel (NASDAQ:MAT - Get Free Report) last released its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.08. Mattel had a net margin of 9.82% and a return on equity of 25.80%. The company 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 was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

MAT has been the subject of a number of research reports. Wall Street Zen cut shares of Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. The Goldman Sachs Group decreased their price objective on shares of Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Morgan Stanley raised their price objective on shares of Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Citigroup raised their price objective on shares of Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $30.00 price objective on shares of Mattel in a research note on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.43.

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.