Envestnet Asset Management Inc. Purchases 242,227 Shares of Mattel, Inc. (NASDAQ:MAT)

Envestnet Asset Management Inc. increased its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 394.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 303,630 shares of the company's stock after acquiring an additional 242,227 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.09% of Mattel worth $5,900,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in Mattel by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 2,513,336 shares of the company's stock valued at $48,834,000 after acquiring an additional 54,430 shares during the period. Principal Financial Group Inc. increased its position in shares of Mattel by 0.3% in the first quarter. Principal Financial Group Inc. now owns 775,203 shares of the company's stock worth $15,062,000 after acquiring an additional 2,601 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Mattel by 18.8% in the first quarter. Teacher Retirement System of Texas now owns 251,398 shares of the company's stock worth $4,885,000 after acquiring an additional 39,834 shares in the last quarter. Trust Co. of Vermont increased its position in shares of Mattel by 995.8% in 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 in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Mattel during the 1st quarter worth approximately $475,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MAT. JPMorgan Chase & Co. lifted their price objective on shares of Mattel from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday. Roth Capital set a $22.00 target price on Mattel and gave the company a "neutral" rating in a research note on Friday, July 11th. The Goldman Sachs Group lowered their target price on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Morgan Stanley boosted their price target on Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.38.

Mattel Stock Performance

Shares of NASDAQ MAT traded up $0.54 during trading hours on Friday, hitting $17.43. 10,169,165 shares of the stock were exchanged, compared to its average volume of 3,895,899. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 1.86. Mattel, Inc. has a one year low of $13.94 and a one year high of $22.07. The company's 50 day moving average is $19.37 and its 200 day moving average is $18.88. The firm has a market capitalization of $5.63 billion, a P/E ratio of 11.25, a P/E/G ratio of 1.90 and a beta of 0.66.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. Mattel had a return on equity of 25.19% and a net margin of 9.87%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the prior year, the business earned $0.19 earnings per share. Mattel's revenue for the quarter was down 5.7% compared to the same quarter last year. On average, research analysts expect that Mattel, Inc. will post 1.7 EPS 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.