Point72 Asset Management L.P. Acquires 385,832 Shares of Mattel, Inc. (NASDAQ:MAT)

Point72 Asset Management L.P. increased its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 24.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,968,201 shares of the company's stock after purchasing an additional 385,832 shares during the period. Point72 Asset Management L.P. owned approximately 0.58% of Mattel worth $34,896,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after buying an additional 926 shares during the period. TD Private Client Wealth LLC purchased a new position in Mattel during the fourth quarter worth $51,000. Quarry LP boosted its stake in Mattel by 130.3% during the fourth quarter. Quarry LP now owns 3,148 shares of the company's stock worth $56,000 after buying an additional 1,781 shares during the period. Venturi Wealth Management LLC boosted its stake in Mattel by 175.1% during the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock worth $83,000 after buying an additional 2,972 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Mattel by 2,698.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company's stock worth $125,000 after buying an additional 6,826 shares during the period. Institutional investors own 97.15% of the company's stock.

Mattel Stock Down 0.9%

MAT stock traded down $0.17 during mid-day trading on Tuesday, hitting $19.83. The stock had a trading volume of 2,492,967 shares, compared to its average volume of 3,755,199. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a 1-year low of $13.95 and a 1-year high of $22.07. The company has a fifty day moving average of $17.40 and a 200 day moving average of $18.65. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 2.35 and a beta of 0.61.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.08. The company 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%. Mattel's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) EPS. On average, equities analysts expect that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on MAT. Citigroup lifted their price objective on shares of Mattel from $19.00 to $22.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and upped their price objective for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Morgan Stanley upped their price objective on shares of Mattel from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. StockNews.com upgraded shares of Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group lowered their price objective on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.