Mattel, Inc. (NASDAQ:MAT) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC grew its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 64.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 311,271 shares of the company's stock after acquiring an additional 122,430 shares during the quarter. Janus Henderson Group PLC owned about 0.09% of Mattel worth $5,517,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Graham Capital Management L.P. purchased a new position in shares of Mattel in the fourth quarter valued at approximately $198,000. EdgePoint Investment Group Inc. lifted its position in Mattel by 14.9% during the fourth quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company's stock worth $818,681,000 after buying an additional 5,984,400 shares in the last quarter. Ensign Peak Advisors Inc lifted its position in Mattel by 2.2% during the fourth quarter. Ensign Peak Advisors Inc now owns 124,926 shares of the company's stock worth $2,215,000 after buying an additional 2,730 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in Mattel by 3.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 952,260 shares of the company's stock worth $16,884,000 after buying an additional 34,046 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its position in Mattel by 11.7% during the fourth quarter. EP Wealth Advisors LLC now owns 13,153 shares of the company's stock worth $233,000 after buying an additional 1,376 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Trading Down 2.2%

MAT stock traded down $0.43 during midday trading on Friday, hitting $19.01. 2,876,262 shares of the company's stock were exchanged, compared to its average volume of 3,750,591. The business has a 50-day simple moving average of $17.36 and a two-hundred day simple moving average of $18.65. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $6.14 billion, a PE ratio of 11.88, a P/E/G ratio of 2.35 and a beta of 0.61. Mattel, Inc. has a 1-year low of $13.95 and a 1-year high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.08. The company had revenue of $826.60 million during the quarter, compared to analysts' expectations of $791.49 million. Mattel had a return on equity of 25.94% and a net margin of 10.07%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) earnings per share. On average, sell-side analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

MAT has been the topic of a number of analyst reports. Wall Street Zen upgraded Mattel from a "hold" rating to a "buy" rating in a research report on Saturday. Morgan Stanley lifted their price objective on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $24.14.

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.