Northern Trust Corp Boosts Stake in Mattel, Inc. (NASDAQ:MAT)

Northern Trust Corp grew its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 23.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,132,743 shares of the company's stock after buying an additional 591,169 shares during the period. Northern Trust Corp owned 0.93% of Mattel worth $55,544,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Mattel during the 4th quarter worth about $54,929,000. Hennessy Advisors Inc. purchased a new stake in shares of Mattel during the fourth quarter worth about $53,238,000. Invesco Ltd. raised its position in shares of Mattel by 468.3% in the fourth quarter. Invesco Ltd. now owns 3,394,958 shares of the company's stock valued at $60,193,000 after buying an additional 2,797,559 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Mattel during the fourth quarter valued at approximately $33,942,000. Finally, LSV Asset Management boosted its position in Mattel by 79.5% during the fourth quarter. LSV Asset Management now owns 4,094,465 shares of the company's stock worth $72,595,000 after acquiring an additional 1,813,865 shares during the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Price Performance

MAT opened at $17.43 on Thursday. Mattel, Inc. has a twelve month low of $13.95 and a twelve month high of $22.07. 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 firm has a market cap of $5.63 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 2.35 and a beta of 0.61. The company has a fifty day simple moving average of $17.65 and a 200 day simple moving average of $18.66.

Mattel (NASDAQ:MAT - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.08. The business had revenue of $826.60 million for the quarter, compared to analyst estimates 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 previous year, the company earned ($0.05) earnings per share. Equities research analysts expect that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MAT shares. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Citigroup raised their price target on Mattel from $19.00 to $22.00 and gave the stock a "buy" rating in a research note on Tuesday. The Goldman Sachs Group dropped their price objective on shares of Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and increased their price objective for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, DA Davidson upgraded shares of Mattel to a "strong-buy" rating in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Mattel presently has an average rating of "Moderate Buy" and an average target price of $24.14.

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.

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