Wellington Management Group LLP Takes Position in Mattel, Inc. (NASDAQ:MAT)

Wellington Management Group LLP purchased a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 317,071 shares of the company's stock, valued at approximately $5,622,000. Wellington Management Group LLP owned about 0.10% of Mattel as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in Mattel by 150.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock valued at $27,000 after buying an additional 926 shares during the last quarter. TD Private Client Wealth LLC bought a new position in Mattel in the fourth quarter valued at about $51,000. Quarry LP boosted its holdings in Mattel by 130.3% in the fourth quarter. Quarry LP now owns 3,148 shares of the company's stock valued at $56,000 after acquiring an additional 1,781 shares during the last quarter. Venturi Wealth Management LLC increased its position in Mattel by 175.1% in 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 raised its holdings in Mattel by 2,698.0% during the 4th 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 last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MAT shares. DA Davidson reaffirmed a "buy" rating and issued a $30.00 target price on shares of Mattel in a research note on Thursday, May 15th. Wall Street Zen raised shares of Mattel from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. The Goldman Sachs Group dropped their target price on shares of Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. 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 note on Tuesday, May 6th. Finally, Citigroup lifted their price objective on Mattel from $19.00 to $22.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.14.

Mattel Trading Up 1.3%

Shares of MAT traded up $0.24 during trading hours on Friday, reaching $18.77. The stock had a trading volume of 860,026 shares, compared to its average volume of 3,738,906. The company has a market cap of $6.06 billion, a P/E ratio of 11.73, a P/E/G ratio of 2.35 and a beta of 0.61. Mattel, Inc. has a 52 week low of $13.95 and a 52 week 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 50-day moving average of $17.21 and a 200 day moving average of $18.64.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.08. The company had revenue of $826.60 million during the quarter, compared to the consensus estimate of $791.49 million. Mattel had a return on equity of 25.94% and a net margin of 10.07%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.05) earnings per share. On average, sell-side analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

About Mattel

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.