Mattel, Inc. (NASDAQ:MAT) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 12.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,541,422 shares of the company's stock after buying an additional 861,638 shares during the period. Victory Capital Management Inc. owned about 2.13% of Mattel worth $142,382,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp acquired a new position in Mattel during the 4th quarter worth about $1,484,000. J.W. Cole Advisors Inc. boosted its holdings in Mattel by 13.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 19,885 shares of the company's stock valued at $375,000 after acquiring an additional 2,390 shares during the last quarter. Xponance Inc. boosted its holdings in Mattel by 7.9% in the fourth quarter. Xponance Inc. now owns 49,210 shares of the company's stock valued at $929,000 after acquiring an additional 3,592 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Mattel by 12.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 76,131 shares of the company's stock valued at $1,437,000 after acquiring an additional 8,476 shares during the last quarter. Finally, Oak Family Advisors LLC boosted its holdings in Mattel by 0.9% in the fourth quarter. Oak Family Advisors LLC now owns 60,189 shares of the company's stock valued at $1,136,000 after acquiring an additional 559 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on MAT shares. TheStreet cut Mattel from a "b-" rating to a "c+" rating in a report on Wednesday, January 24th. Citigroup increased their price target on Mattel from $25.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Morgan Stanley restated an "equal weight" rating and set a $19.00 price target (down from $25.00) on shares of Mattel in a report on Wednesday, January 17th. DA Davidson upped their target price on Mattel from $26.00 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. lowered Mattel from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $24.00 to $19.00 in a research report on Monday, February 5th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.78.

Mattel Stock Up 1.9 %

NASDAQ MAT traded up $0.35 on Thursday, reaching $18.43. The company had a trading volume of 2,368,221 shares, compared to its average volume of 3,023,200. The stock has a market capitalization of $6.34 billion, a P/E ratio of 21.78, a P/E/G ratio of 1.17 and a beta of 0.98. The company's fifty day moving average is $19.20 and its 200 day moving average is $19.00. Mattel, Inc. has a 52-week low of $16.20 and a 52-week high of $22.64. The company has a quick ratio of 1.88, a current ratio of 2.49 and a debt-to-equity ratio of 1.15.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.07. The business had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. Mattel had a return on equity of 24.32% and a net margin of 5.38%. Mattel's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.24) EPS. Sell-side analysts anticipate that Mattel, Inc. will post 1.4 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.