17,662 Shares in Mattel, Inc. (NASDAQ:MAT) Bought by Mackenzie Financial Corp

Mackenzie Financial Corp acquired a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,662 shares of the company's stock, valued at approximately $313,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new position in shares of Mattel during the fourth quarter worth approximately $538,000. Stratos Wealth Advisors LLC bought a new position in shares of Mattel during the 4th quarter valued at $1,428,000. Empowered Funds LLC raised its position in Mattel by 5.3% in the 4th quarter. Empowered Funds LLC now owns 411,591 shares of the company's stock worth $7,298,000 after purchasing an additional 20,599 shares during the period. Empirical Finance LLC bought a new stake in Mattel in the fourth quarter worth $502,000. Finally, Burns Matteson Capital Management LLC bought a new stake in Mattel in the fourth quarter worth $343,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Trading Up 1.8%

Shares of MAT traded up $0.33 during mid-day trading on Friday, hitting $18.86. 1,821,222 shares of the company's stock traded hands, compared to its average volume of 3,742,433. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $6.09 billion, a P/E ratio of 11.79, a PEG ratio of 2.35 and a beta of 0.61. The business's 50-day moving average price is $17.21 and its 200-day moving average price is $18.64. 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 released its quarterly earnings results on Monday, May 5th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.08. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The business had revenue of $826.60 million for the quarter, compared to analysts' expectations of $791.49 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on MAT shares. The Goldman Sachs Group decreased their price objective on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen upgraded Mattel from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Citigroup boosted their price objective on Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Morgan Stanley increased their price objective 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, DA Davidson restated a "buy" rating and issued a $30.00 target price 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 given a buy rating to the stock. Based on data from MarketBeat, Mattel currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.14.

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.