Mattel, Inc. (NASDAQ:MAT) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its position in shares of Mattel, Inc. (NASDAQ:MAT) by 31.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,693 shares of the company’s stock after purchasing an additional 2,324 shares during the quarter. Jones Financial Companies Lllp’s holdings in Mattel were worth $172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MAT. KBC Group NV lifted its holdings in shares of Mattel by 13.8% during the third quarter. KBC Group NV now owns 10,166 shares of the company’s stock worth $194,000 after purchasing an additional 1,229 shares during the period. Natixis Advisors LLC lifted its holdings in Mattel by 42.9% in the third quarter. Natixis Advisors LLC now owns 28,887 shares of the company’s stock valued at $550,000 after acquiring an additional 8,679 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Mattel by 101.0% in the third quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock valued at $3,208,000 after acquiring an additional 84,626 shares during the period. Prospera Private Wealth LLC acquired a new position in Mattel in the third quarter valued at approximately $34,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Mattel in the third quarter valued at approximately $591,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Price Performance

MAT stock opened at $19.75 on Friday. The business has a 50 day moving average price of $19.86 and a 200 day moving average price of $19.23. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 12.34, 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.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 earned $0.29 EPS. Equities research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MAT. DA Davidson boosted their price target on Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and boosted their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley increased their target price on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Mattel presently has a consensus rating of “Moderate Buy” and a consensus 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.