Invesco Ltd. Acquires 2,797,559 Shares of Mattel, Inc. (NASDAQ:MAT)

Invesco Ltd. lifted its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 468.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,394,958 shares of the company's stock after buying an additional 2,797,559 shares during the period. Invesco Ltd. owned approximately 1.01% of Mattel worth $60,193,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Franklin Resources Inc. boosted its position in shares of Mattel by 84.0% in the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock worth $176,757,000 after buying an additional 4,270,162 shares during the period. Norges Bank purchased a new position in Mattel during the 4th quarter valued at about $54,929,000. Hennessy Advisors Inc. acquired a new position in shares of Mattel in the 4th quarter valued at about $53,238,000. Ranmore Fund Management Ltd purchased a new stake in shares of Mattel in the fourth quarter worth approximately $13,120,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Mattel by 34.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company's stock worth $37,760,000 after purchasing an additional 545,300 shares during the period. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Stock Performance

Shares of Mattel stock traded up $0.19 during midday trading on Friday, hitting $14.83. The company had a trading volume of 4,774,089 shares, compared to its average volume of 3,567,332. Mattel, Inc. has a 1-year low of $13.95 and a 1-year high of $22.07. The business's 50 day simple moving average is $19.15 and its two-hundred day simple moving average is $18.95. The stock has a market cap of $4.79 billion, a PE ratio of 9.27, a P/E/G ratio of 2.35 and a beta of 0.51. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period last year, the business posted $0.29 EPS. As a group, equities analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MAT shares. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. DA Davidson upgraded shares of Mattel to a "strong-buy" rating in a research note on Monday, April 14th. Morgan Stanley boosted their price target on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and boosted their target price for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Three equities research 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $25.57.

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.