Mattel, Inc. (NASDAQ:MAT) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc increased its position in shares of Mattel, Inc. (NASDAQ:MAT) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,962 shares of the company’s stock after acquiring an additional 601 shares during the period. CIBC Asset Management Inc’s holdings in Mattel were worth $194,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in Mattel in the 4th quarter worth about $1,025,000. Rhumbline Advisers increased its stake in Mattel by 1.9% in the 4th quarter. Rhumbline Advisers now owns 928,192 shares of the company’s stock worth $16,457,000 after purchasing an additional 17,590 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new position in Mattel in the 4th quarter worth about $343,000. Empirical Finance LLC purchased a new position in Mattel in the 4th quarter worth about $502,000. Finally, Empowered Funds LLC increased its stake in Mattel by 5.3% in the 4th quarter. Empowered Funds LLC now owns 411,591 shares of the company’s stock worth $7,298,000 after purchasing an additional 20,599 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MAT shares. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. DA Davidson raised their price objective 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 raised their price objective on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Mattel currently has an average rating of “Moderate Buy” and a consensus price target of $25.57.

Mattel Stock Down 1.4 %

Shares of Mattel stock opened at $21.25 on Thursday. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 2.35 and a beta of 0.76. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $22.07. The stock has a 50-day simple moving average of $19.23 and a 200-day simple moving average of $19.11.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping 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 last year, the company posted $0.29 earnings per share. On average, equities research analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current fiscal 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.