Cerity Partners LLC Has $1.54 Million Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Cerity Partners LLC raised its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 479.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,159 shares of the company's stock after purchasing an additional 65,499 shares during the period. Cerity Partners LLC's holdings in Mattel were worth $1,538,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Vermont raised its position in shares of Mattel by 995.8% during the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock worth $26,000 after acquiring an additional 1,195 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Mattel in the 4th quarter worth about $51,000. Fifth Third Bancorp boosted its position in shares of Mattel by 52.9% during the first 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 last quarter. Quarry LP raised its holdings in shares of Mattel by 130.3% in the fourth quarter. Quarry LP now owns 3,148 shares of the company's stock valued at $56,000 after purchasing an additional 1,781 shares during the last quarter. Finally, UMB Bank n.a. increased its stake 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 last quarter. 97.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MAT has been the subject of several analyst reports. Roth Capital set a $22.00 price target on shares of Mattel and gave the company a "neutral" rating in a research report on Friday, July 11th. Wall Street Zen cut shares of Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Citigroup upped their price objective on shares of Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, June 16th. The Goldman Sachs Group dropped their target price on shares of Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, DA Davidson reiterated a "buy" rating and set a $30.00 target price on shares of Mattel in a report on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.13.

Mattel Stock Performance

Shares of Mattel stock opened at $19.88 on Tuesday. The firm's 50 day moving average is $19.46 and its two-hundred day moving average is $18.86. Mattel, Inc. has a 52 week low of $13.95 and a 52 week high of $22.07. The company has a quick ratio of 1.86, a current ratio of 2.43 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $6.42 billion, a P/E ratio of 12.74, a P/E/G ratio of 2.14 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) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.08. The firm had revenue of $826.60 million during the quarter, compared to analysts' expectations of $791.49 million. Mattel had a net margin of 9.82% and a return on equity of 25.80%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) earnings per share. Research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal 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.

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