Kentucky Retirement Systems Insurance Trust Fund Acquires New Shares in Mattel, Inc. (NASDAQ:MAT)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Mattel, Inc. (NASDAQ:MAT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 11,985 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc boosted its holdings in shares of Mattel by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 10,962 shares of the company’s stock valued at $194,000 after acquiring an additional 601 shares in the last quarter. Clear Harbor Asset Management LLC boosted its holdings in shares of Mattel by 5.5% during the 4th quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company’s stock valued at $229,000 after acquiring an additional 675 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Mattel by 2.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock valued at $491,000 after acquiring an additional 693 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Mattel by 26.6% during the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after acquiring an additional 744 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in Mattel by 3.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock worth $752,000 after purchasing an additional 1,160 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. DA Davidson raised their target price on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and raised their target price for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Bank of America raised their target price on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley raised their target price on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Finally, StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research report on Saturday, February 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Mattel has a consensus rating of “Moderate Buy” and a consensus price target of $25.57.

Mattel Stock Performance

MAT stock opened at $21.78 on Thursday. The stock has a 50-day moving average price of $18.97 and a 200-day moving average price of $19.01. Mattel, Inc. has a 1-year low of $15.87 and a 1-year 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 $7.34 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 2.37 and a beta of 0.76.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period last year, the business posted $0.29 earnings per share. As a group, equities research analysts expect that Mattel, Inc. will post 1.7 earnings per share 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.