Natixis Takes Position in Mattel, Inc. (NASDAQ:MAT)

Natixis acquired a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,420 shares of the company's stock, valued at approximately $593,000.

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

Mattel Price Performance

MAT stock traded up $0.14 during midday trading on Wednesday, hitting $15.89. The company's stock had a trading volume of 3,940,651 shares, compared to its average volume of 3,584,990. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a 12 month low of $13.95 and a 12 month high of $22.07. The company has a 50 day moving average of $18.13 and a two-hundred day moving average of $18.74. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating 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 quarter in the previous year, the business earned $0.29 earnings per share. On average, analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MAT shares. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and upped their target price for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. DA Davidson raised Mattel to a "strong-buy" rating in a research report on Monday, April 14th. Finally, Morgan Stanley increased their target price on shares of Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mattel currently has an average rating of "Moderate Buy" and an average target price of $26.40.

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.