Handelsbanken Fonder AB Acquires 21,800 Shares of Mattel, Inc. (NASDAQ:MAT)

Handelsbanken Fonder AB increased its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 24.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,000 shares of the company's stock after purchasing an additional 21,800 shares during the quarter. Handelsbanken Fonder AB's holdings in Mattel were worth $2,137,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MAT. EverSource Wealth Advisors LLC raised its holdings in shares of Mattel by 150.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after buying an additional 926 shares in the last quarter. TD Private Client Wealth LLC bought a new position in Mattel in the fourth quarter valued at about $51,000. Quarry LP raised its stake in Mattel by 130.3% during the fourth quarter. Quarry LP now owns 3,148 shares of the company's stock worth $56,000 after acquiring an additional 1,781 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Mattel by 93.5% in the first quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock worth $58,000 after acquiring an additional 1,447 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Mattel by 175.1% in the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock worth $83,000 after acquiring an additional 2,972 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MAT has been the subject of a number of research analyst reports. DA Davidson reiterated a "buy" rating and set a $30.00 price objective on shares of Mattel in a research report on Thursday, May 15th. Wall Street Zen raised Mattel from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. 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 report on Wednesday, May 7th. Citigroup increased their target price on Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a research report on Monday. Finally, Morgan Stanley boosted their price target on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Mattel presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.43.

Mattel Trading Up 0.5%

Shares of MAT stock traded up $0.09 on Wednesday, hitting $18.94. The company had a trading volume of 1,006,394 shares, compared to its average volume of 3,733,005. Mattel, Inc. has a twelve month low of $13.95 and a twelve month high of $22.07. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.43. The firm has a market cap of $6.12 billion, a P/E ratio of 12.15, a P/E/G ratio of 1.98 and a beta of 0.66. The stock's 50-day moving average is $17.59 and its two-hundred day moving average is $18.67.

Mattel (NASDAQ:MAT - Get Free Report) last released its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.08. The business had revenue of $826.60 million during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) EPS. On average, equities research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Mattel 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.