Ieq Capital LLC Takes $1.30 Million Position in Mattel, Inc. (NASDAQ:MAT)

Ieq Capital LLC bought a new position in Mattel, Inc. (NASDAQ:MAT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 73,375 shares of the company’s stock, valued at approximately $1,301,000.

Several other hedge funds and other institutional investors have also modified their holdings of MAT. Citigroup Inc. raised its stake in Mattel by 449.9% during the third quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock worth $5,562,000 after acquiring an additional 238,884 shares in the last quarter. FORA Capital LLC bought a new stake in shares of Mattel in the 3rd quarter worth about $1,003,000. Charles Schwab Investment Management Inc. increased its position in shares of Mattel by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock worth $81,222,000 after purchasing an additional 114,305 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Mattel by 53.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock valued at $3,283,000 after purchasing an additional 59,845 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Mattel by 101.0% in the third quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock valued at $3,208,000 after buying an additional 84,626 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MAT. DA Davidson raised their price objective on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Morgan Stanley raised their price target on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. Finally, Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and increased their target price for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.57.

Mattel Stock Up 0.2 %

NASDAQ:MAT opened at $21.19 on Tuesday. The stock’s fifty day moving average price is $19.11 and its two-hundred day moving average price is $19.07. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 2.35 and a beta of 0.76. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $22.07. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating 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 in the previous year, the firm earned $0.29 EPS. On average, analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current year.

Mattel 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.