Cwm LLC Acquires 72,796 Shares of Mattel, Inc. (NASDAQ:MAT)

CWM LLC raised its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 600.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,926 shares of the company's stock after buying an additional 72,796 shares during the period. CWM LLC's holdings in Mattel were worth $1,650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. EdgePoint Investment Group Inc. raised its stake in Mattel by 14.9% in the 4th quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company's stock valued at $818,681,000 after acquiring an additional 5,984,400 shares during the period. Norges Bank bought a new position in Mattel during the 4th quarter worth $54,929,000. Invesco Ltd. increased its position in Mattel by 468.3% during the 4th quarter. Invesco Ltd. now owns 3,394,958 shares of the company's stock worth $60,193,000 after buying an additional 2,797,559 shares during the period. Freestone Grove Partners LP bought a new position in Mattel during the 4th quarter worth $39,066,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Mattel during the 4th quarter worth $33,942,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Trading Up 0.8%

MAT stock traded up $0.17 during trading on Tuesday, hitting $20.05. 1,992,027 shares of the company traded hands, compared to its average volume of 3,958,149. The firm has a market capitalization of $6.47 billion, a PE ratio of 12.85, a P/E/G ratio of 2.14 and a beta of 0.66. Mattel, Inc. has a 1 year low of $13.94 and a 1 year high of $22.07. The company has a 50-day moving average of $19.46 and a 200-day moving average of $18.86. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.43.

Mattel (NASDAQ:MAT - Get Free Report) last released 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. The business had revenue of $826.60 million during the quarter, compared to analysts' expectations of $791.49 million. Mattel had a return on equity of 25.80% and a net margin of 9.82%. The business's revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS. Analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on MAT shares. The Goldman Sachs Group reduced their price objective on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Roth Capital set a $22.00 price objective on Mattel and gave the stock a "neutral" rating in a research note on Friday, July 11th. Wall Street Zen downgraded Mattel from a "buy" rating to a "hold" rating in a report on Friday, June 27th. DA Davidson reiterated a "buy" rating and issued a $30.00 target price on shares of Mattel in a report on Thursday, May 15th. Finally, Citigroup lifted their target price on Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Mattel currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.13.

Mattel Company 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.