Exchange Traded Concepts LLC Takes $744,000 Position in Mattel, Inc. (NASDAQ:MAT)

Exchange Traded Concepts LLC acquired a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 38,303 shares of the company's stock, valued at approximately $744,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after buying an additional 926 shares during the last quarter. Fifth Third Bancorp grew its position in shares of 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 acquiring an additional 962 shares during the period. TD Private Client Wealth LLC acquired a new position in shares of Mattel during the 4th quarter worth about $51,000. UMB Bank n.a. raised its holdings in shares of 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 purchasing an additional 1,447 shares during the period. Finally, Sound Income Strategies LLC lifted its stake 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 purchasing an additional 3,068 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on MAT. Wall Street Zen upgraded Mattel from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Morgan Stanley raised their price objective on Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group decreased their target price on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Citigroup increased their price target on Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Finally, DA Davidson reaffirmed a "buy" rating and set a $30.00 price target on shares of Mattel in a report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Mattel currently has a consensus rating of "Moderate Buy" and an average price target of $24.43.

Mattel Stock Performance

MAT stock traded up $0.34 during mid-day trading on Tuesday, hitting $19.46. 2,780,410 shares of the company were exchanged, compared to its average volume of 3,652,903. Mattel, Inc. has a 1-year low of $13.95 and a 1-year high of $22.07. The stock has a market capitalization of $6.28 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.96 and a beta of 0.66. The business has a 50 day simple moving average of $17.90 and a 200-day simple moving average of $18.65. 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 (NASDAQ:MAT - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.08. The company had revenue of $826.60 million for the quarter, compared to analyst estimates of $791.49 million. Mattel had a return on equity of 25.80% and a net margin of 9.82%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) earnings per share. On average, equities analysts forecast 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.