Vident Advisory LLC Purchases New Position in Mattel, Inc. (NASDAQ:MAT)

Vident Advisory LLC purchased a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 34,840 shares of the company's stock, valued at approximately $618,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in 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 in the last quarter. TD Private Client Wealth LLC acquired a new position in shares of Mattel during the 4th quarter valued at $51,000. Quarry LP raised its stake in shares of Mattel by 130.3% in 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 in the last quarter. Venturi Wealth Management LLC lifted 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 during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Mattel by 2,698.0% in 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 during the period. 97.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MAT shares. Wall Street Zen raised shares of Mattel from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. The Goldman Sachs Group decreased their price target on shares of Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Citigroup lifted their target price on Mattel from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. DA Davidson reaffirmed a "buy" rating and set a $30.00 target price on shares of Mattel in a research report on Thursday, May 15th. Finally, Morgan Stanley increased their price target on Mattel from $16.00 to $17.00 and gave the company an "equal weight" 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.14.

Mattel Stock Up 1.4%

Shares of Mattel stock traded up $0.27 during midday trading on Thursday, hitting $19.30. The company's stock had a trading volume of 1,566,394 shares, compared to its average volume of 3,736,151. 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 market capitalization of $6.23 billion, a P/E ratio of 12.06, a PEG ratio of 2.35 and a beta of 0.61. The stock has a 50-day simple moving average of $17.31 and a 200-day simple moving average of $18.65.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.08. The firm had revenue of $826.60 million during 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 business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted ($0.05) EPS. As a group, sell-side analysts expect 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.