Southeastern Asset Management Inc. TN Has $135.32 Million Position in Mattel, Inc. (NASDAQ:MAT)

Southeastern Asset Management Inc. TN decreased its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,632,344 shares of the company’s stock after selling 357,980 shares during the period. Mattel comprises 6.4% of Southeastern Asset Management Inc. TN’s portfolio, making the stock its 2nd biggest holding. Southeastern Asset Management Inc. TN owned about 2.27% of Mattel worth $135,321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAT. EverSource Wealth Advisors LLC raised its stake in shares of Mattel by 150.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after acquiring an additional 926 shares during the last quarter. TD Private Client Wealth LLC bought a new position in shares of Mattel in the fourth quarter valued at approximately $51,000. Quarry LP raised its stake in shares of Mattel by 130.3% in the fourth quarter. Quarry LP now owns 3,148 shares of the company’s stock valued at $56,000 after acquiring an additional 1,781 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Mattel by 175.1% in the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company’s stock valued at $83,000 after acquiring an additional 2,972 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Mattel by 2,698.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company’s stock valued at $125,000 after acquiring an additional 6,826 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MAT shares. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and lifted their target price for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Morgan Stanley lifted their target price on shares of Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. The Goldman Sachs Group lowered their price target on shares of Mattel from $24.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Finally, Citigroup raised their price target on shares of Mattel from $19.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Mattel has a consensus rating of “Moderate Buy” and a consensus price target of $24.14.

Mattel Price Performance

MAT opened at $20.12 on Friday. The company has a fifty day moving average price of $17.42 and a two-hundred day moving average price of $18.67. 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, Inc. has a 52 week low of $13.95 and a 52 week high of $22.07. The firm has a market capitalization of $6.50 billion, a PE ratio of 12.58, a P/E/G ratio of 2.35 and a beta of 0.61.

Mattel (NASDAQ:MAT) last released its earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The firm had revenue of $826.60 million during the quarter, compared to analyst estimates of $791.49 million. During the same quarter in the previous year, the business earned ($0.05) EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts anticipate 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.