Securian Asset Management Inc. Decreases Stock Position in Mattel, Inc. (NASDAQ:MAT)

Securian Asset Management Inc. lowered its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,469 shares of the company’s stock after selling 961 shares during the period. Securian Asset Management Inc.’s holdings in Mattel were worth $452,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Mattel by 150.1% during the 4th 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 last quarter. HighTower Advisors LLC lifted its holdings in shares of Mattel by 5.4% in the 4th quarter. HighTower Advisors LLC now owns 30,923 shares of the company’s stock worth $548,000 after acquiring an additional 1,575 shares during the last quarter. AGF Management Ltd. acquired a new position in Mattel during the 4th quarter worth about $2,431,000. Wealthfront Advisers LLC purchased a new position in Mattel in the 4th quarter valued at approximately $989,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Mattel by 1.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 81,906 shares of the company’s stock worth $1,452,000 after acquiring an additional 1,334 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Price Performance

MAT stock opened at $20.17 on Tuesday. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 2.35 and a beta of 0.65. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $22.07. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The business has a 50 day moving average price of $19.93 and a 200 day moving average price of $19.24.

Mattel (NASDAQ:MAT) last posted 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 net margin of 10.07% and a return on equity of 25.94%. During the same period in the prior year, the business posted $0.29 EPS. Equities research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and increased their price objective for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Morgan Stanley lifted their price objective on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Finally, DA Davidson lifted their price target on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Mattel presently has a consensus rating of “Moderate Buy” and an average target price of $25.57.

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.