Cambridge Investment Research Advisors Inc. Takes $475,000 Position in Mattel, Inc. (NASDAQ:MAT)

Cambridge Investment Research Advisors Inc. bought a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 24,451 shares of the company's stock, valued at approximately $475,000.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in Mattel by 150.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock valued at $27,000 after buying an additional 926 shares during the period. Fifth Third Bancorp increased its holdings in Mattel by 52.9% in the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock valued at $54,000 after buying an additional 962 shares during the period. TD Private Client Wealth LLC bought a new position in Mattel in the 4th quarter valued at about $51,000. UMB Bank n.a. increased its holdings in Mattel by 93.5% in the 1st quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock valued at $58,000 after buying an additional 1,447 shares during the period. Finally, Sound Income Strategies LLC increased its holdings in Mattel by 10,226.7% in the 1st quarter. Sound Income Strategies LLC now owns 3,098 shares of the company's stock valued at $60,000 after buying an additional 3,068 shares during the period. 97.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Mattel Trading Down 1.2%

NASDAQ:MAT traded down $0.25 during mid-day trading on Friday, hitting $19.97. 3,725,729 shares of the company's stock were exchanged, compared to its average volume of 3,636,336. The company has a 50 day simple moving average of $19.20 and a 200-day simple moving average of $18.79. The company has a current ratio of 2.43, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. The firm has a market capitalization of $6.45 billion, a P/E ratio of 12.80, a PEG ratio of 2.09 and a beta of 0.66.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly 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. The firm had revenue of $826.60 million for the quarter, compared to the consensus estimate of $791.49 million. Mattel had a net margin of 9.82% and a return on equity of 25.80%. The company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) EPS. As a group, research analysts expect 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.