Merit Financial Group LLC Makes New $534,000 Investment in Mattel, Inc. (NASDAQ:MAT)

Merit Financial Group LLC purchased a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,507 shares of the company's stock, valued at approximately $534,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MAT. Private Client Services LLC acquired a new stake in shares of Mattel during the first quarter worth about $868,000. GAMMA Investing LLC lifted its holdings in shares of Mattel by 2,675.4% during the first quarter. GAMMA Investing LLC now owns 98,277 shares of the company's stock worth $1,910,000 after purchasing an additional 94,736 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Mattel by 350.1% during the first quarter. Versant Capital Management Inc now owns 9,452 shares of the company's stock worth $184,000 after purchasing an additional 7,352 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Mattel during the fourth quarter worth about $5,622,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Mattel during the fourth quarter worth about $459,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on MAT. The Goldman Sachs Group decreased their target price on Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. 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. Wall Street Zen upgraded Mattel from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Morgan Stanley boosted 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. Finally, DA Davidson restated a "buy" rating and issued a $30.00 price objective on shares of Mattel in a research report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Mattel presently has an average rating of "Moderate Buy" and an average price target of $24.14.

Mattel Trading Down 2.6%

NASDAQ MAT traded down $0.50 on Friday, reaching $18.80. 1,885,643 shares of the company were exchanged, compared to its average volume of 3,741,896. The business's fifty day moving average price is $17.44 and its 200 day moving average price is $18.66. The stock has a market capitalization of $6.07 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 2.35 and a beta of 0.66. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data 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 25.94% and a net margin of 10.07%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) earnings per share. Analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current 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.