Creative Planning Acquires 4,504 Shares of Mattel, Inc. (NASDAQ:MAT)

Creative Planning boosted its holdings in Mattel, Inc. (NASDAQ:MAT) by 42.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,026 shares of the company’s stock after purchasing an additional 4,504 shares during the quarter. Creative Planning’s holdings in Mattel were worth $286,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MAT. Capital International Investors grew its position in shares of Mattel by 4.6% during the 1st quarter. Capital International Investors now owns 19,231,375 shares of the company’s stock worth $380,974,000 after buying an additional 845,368 shares during the period. Ariel Investments LLC increased its stake in Mattel by 0.7% in the first quarter. Ariel Investments LLC now owns 15,583,293 shares of the company’s stock valued at $308,705,000 after purchasing an additional 112,786 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Mattel by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock valued at $231,487,000 after purchasing an additional 180,855 shares during the period. Pacer Advisors Inc. boosted its position in shares of Mattel by 20,152.4% during the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after purchasing an additional 10,940,943 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Mattel by 34.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock valued at $94,215,000 after buying an additional 1,479,227 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MAT shares. Jefferies Financial Group upped their price target on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lifted their price target on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. DA Davidson restated a “buy” rating and set a $27.00 price objective on shares of Mattel in a report on Thursday, October 24th. Bank of America lifted their price objective on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Morgan Stanley boosted their target price on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $23.75.

Mattel Stock Performance

NASDAQ MAT opened at $19.55 on Friday. The company has a market capitalization of $6.59 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $20.59. The company has a 50-day simple moving average of $19.08 and a 200 day simple moving average of $18.38.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business posted $1.08 EPS. Mattel’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, research analysts predict that Mattel, Inc. will post 1.46 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.