Empowered Funds LLC Increases Stake in Mattel, Inc. (NASDAQ:MAT)

Empowered Funds LLC lifted its stake in Mattel, Inc. (NASDAQ:MAT) by 5.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 411,591 shares of the company’s stock after buying an additional 20,599 shares during the quarter. Empowered Funds LLC’s holdings in Mattel were worth $7,298,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in shares of Mattel by 584.3% during the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after acquiring an additional 1,268 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Mattel in the 3rd quarter valued at about $29,000. Prospera Private Wealth LLC bought a new stake in Mattel during the third quarter worth approximately $34,000. West Oak Capital LLC lifted its stake in shares of Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after purchasing an additional 1,955 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Mattel by 38.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $53,000 after purchasing an additional 775 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MAT has been the subject of several recent analyst reports. Bank of America lifted their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. DA Davidson increased their price target on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Morgan Stanley lifted 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. Jefferies Financial Group upgraded 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. Finally, StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Mattel has an average rating of “Moderate Buy” and a consensus target price of $25.57.

Mattel Stock Down 0.8 %

NASDAQ:MAT opened at $21.30 on Tuesday. The firm has a market capitalization of $7.18 billion, a P/E ratio of 13.31, a PEG ratio of 2.32 and a beta of 0.76. The company’s fifty day moving average price is $18.61 and its 200-day moving average price is $18.88. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $21.88. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 1.88.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the firm posted $0.29 earnings per share. As a group, equities research analysts anticipate that Mattel, Inc. will post 1.69 EPS for the current year.

About Mattel

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.