Private Client Services LLC Purchases New Stake in Mattel, Inc. (NASDAQ:MAT)

Private Client Services LLC acquired a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 44,672 shares of the company's stock, valued at approximately $868,000.

Several other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 purchasing an additional 926 shares during the period. TD Private Client Wealth LLC acquired a new stake in shares of Mattel during the fourth quarter worth $51,000. Quarry LP lifted its holdings in shares of Mattel by 130.3% during the fourth quarter. Quarry LP now owns 3,148 shares of the company's stock worth $56,000 after purchasing an additional 1,781 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Mattel by 175.1% during the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock worth $83,000 after purchasing an additional 2,972 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Mattel by 2,698.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company's stock worth $125,000 after purchasing an additional 6,826 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Trading Down 2.5%

Shares of MAT stock traded down $0.48 during trading hours on Friday, hitting $18.91. 3,835,111 shares of the company were exchanged, compared to its average volume of 3,749,694. The firm has a market cap of $6.11 billion, a PE ratio of 11.82, a PEG 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. 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 fifty day moving average of $17.28 and a 200 day moving average of $18.64.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.03) EPS 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 firm had revenue of $826.60 million for the quarter, compared to analyst estimates of $791.49 million. During the same quarter last year, the firm posted ($0.05) earnings per share. Mattel's revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MAT. Jefferies Financial Group raised Mattel from a "hold" rating to a "buy" rating and increased their price target for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Morgan Stanley raised their target price on Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. DA Davidson reissued a "buy" rating and issued a $30.00 target price on shares of Mattel in a 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. Finally, Citigroup raised their target price on Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.14.

Mattel Company 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.