Legal & General Group Plc Reduces Stake in Mattel, Inc. (NASDAQ:MAT)

Legal & General Group Plc lessened its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 34.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 477,324 shares of the company's stock after selling 250,840 shares during the period. Legal & General Group Plc owned about 0.14% of Mattel worth $8,463,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in Mattel by 150.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after acquiring an additional 926 shares during the last quarter. West Oak Capital LLC lifted its position in shares of Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock worth $35,000 after purchasing an additional 1,955 shares during the last quarter. TD Private Client Wealth LLC bought a new position in Mattel in the 4th quarter worth about $51,000. GAMMA Investing LLC increased its position in shares of Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock worth $63,000 after acquiring an additional 744 shares during the period. Finally, Venturi Wealth Management LLC boosted 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 purchasing an additional 2,972 shares during the period. 97.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MAT shares. Morgan Stanley upped their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and increased their target price for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. DA Davidson raised Mattel to a "strong-buy" rating in a research report on Monday, April 14th. Finally, StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $25.57.

Mattel Stock Up 3.6 %

NASDAQ:MAT traded up $0.55 during mid-day trading on Thursday, hitting $15.80. The stock had a trading volume of 1,685,489 shares, compared to its average volume of 3,577,617. Mattel, Inc. has a twelve month low of $13.95 and a twelve month high of $22.07. The stock has a 50-day simple moving average of $18.72 and a two-hundred day simple moving average of $18.86. 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 company has a market capitalization of $5.10 billion, a PE ratio of 9.87, a PEG ratio of 2.35 and a beta of 0.51.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, equities research analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current year.

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.