Two Sigma Investments LP Has $1.49 Million Stock Position in Mattel, Inc. (NASDAQ:MAT)

Two Sigma Investments LP grew its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 34.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,834 shares of the company's stock after acquiring an additional 21,583 shares during the quarter. Two Sigma Investments LP's holdings in Mattel were worth $1,486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in Mattel by 150.1% in 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 bought a new stake in shares of Mattel during the 4th quarter valued at about $51,000. Quarry LP grew its stake in Mattel by 130.3% during the 4th quarter. Quarry LP now owns 3,148 shares of the company's stock worth $56,000 after buying an additional 1,781 shares during the last quarter. Venturi Wealth Management LLC increased 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 valued at $83,000 after buying an additional 2,972 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Mattel by 2,698.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company's stock valued at $125,000 after buying an additional 6,826 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Performance

Shares of NASDAQ:MAT traded up $0.23 during trading on Friday, reaching $18.76. 669,869 shares of the stock were exchanged, compared to its average volume of 3,737,950. Mattel, Inc. has a 12 month low of $13.95 and a 12 month high of $22.07. The stock has a 50-day moving average price of $17.21 and a 200-day moving average price of $18.64. 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 firm has a market cap of $6.06 billion, a PE ratio of 11.72, a PEG ratio of 2.35 and a beta of 0.61.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results 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. Mattel had a return on equity of 25.94% and a net margin of 10.07%. The company had revenue of $826.60 million during the quarter, compared to the consensus estimate of $791.49 million. During the same quarter last year, the firm earned ($0.05) earnings per share. The company's revenue was up 2.1% on a year-over-year basis. Research analysts expect that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. The Goldman Sachs Group dropped their target price on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Morgan Stanley lifted their price objective on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. DA Davidson reaffirmed a "buy" rating and issued a $30.00 price target on shares of Mattel in a research report on Thursday, May 15th. Wall Street Zen upgraded Mattel from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, Citigroup lifted their price target on Mattel from $19.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Mattel has a consensus rating of "Moderate Buy" and a consensus target price 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.