Mattel, Inc. (NASDAQ:MAT) Shares Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC boosted its position in Mattel, Inc. (NASDAQ:MAT) by 45.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,349 shares of the company’s stock after buying an additional 14,185 shares during the quarter. Kestra Investment Management LLC’s holdings in Mattel were worth $804,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MAT. Franklin Resources Inc. increased its position in shares of Mattel by 84.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock worth $176,757,000 after purchasing an additional 4,270,162 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Mattel in the 4th quarter worth about $53,238,000. Point72 Asset Management L.P. increased its position in shares of Mattel by 54.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,582,369 shares of the company’s stock worth $30,144,000 after purchasing an additional 558,213 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Mattel in the 3rd quarter worth about $8,997,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Mattel in the 4th quarter worth about $7,431,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of 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 research report on Wednesday, February 5th. DA Davidson boosted their price objective on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research report on Saturday, February 8th. Bank of America boosted their price objective on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley boosted their price objective on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.57.

Mattel Price Performance

NASDAQ MAT opened at $21.79 on Wednesday. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $22.07. The company has a current ratio of 2.38, a quick ratio of 1.88 and a debt-to-equity ratio of 1.03. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76. The company has a 50-day moving average price of $18.91 and a two-hundred day moving average price of $18.99.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 company posted $0.29 earnings per share. Analysts forecast that Mattel, Inc. will post 1.69 EPS for the current year.

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.