Ameriprise Financial Inc. Increases Holdings in Mattel, Inc. (NASDAQ:MAT)

Ameriprise Financial Inc. grew its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 356,007 shares of the company’s stock after buying an additional 6,726 shares during the quarter. Ameriprise Financial Inc. owned 0.11% of Mattel worth $6,312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Freestone Grove Partners LP purchased a new stake in Mattel in the 4th quarter worth about $39,066,000. Comerica Bank raised its position in Mattel by 19.4% in the 4th quarter. Comerica Bank now owns 312,466 shares of the company’s stock worth $5,540,000 after purchasing an additional 50,786 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in Mattel in the 4th quarter worth about $139,000. Schonfeld Strategic Advisors LLC raised its position in Mattel by 59.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,646,146 shares of the company’s stock worth $29,186,000 after purchasing an additional 613,179 shares during the period. Finally, AQR Capital Management LLC raised its position in Mattel by 94.8% in the 4th quarter. AQR Capital Management LLC now owns 1,493,224 shares of the company’s stock worth $26,370,000 after purchasing an additional 726,759 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Price Performance

Shares of MAT stock opened at $19.01 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. The company has a market capitalization of $6.14 billion, a P/E ratio of 11.88, a P/E/G ratio of 2.35 and a beta of 0.61. The company’s 50-day simple moving average is $17.36 and its two-hundred day simple moving average is $18.65. Mattel, Inc. has a one year low of $13.95 and a one year high of $22.07.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.08. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The firm had revenue of $826.60 million for the quarter, compared to the consensus estimate of $791.49 million. During the same period last year, the firm earned ($0.05) earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MAT. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. DA Davidson reissued a “buy” rating and issued a $30.00 price objective on shares of Mattel in a research report on Thursday, May 15th. The Goldman Sachs Group reduced their price objective on shares of Mattel from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Mattel from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Morgan Stanley upped their target price on shares of Mattel from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Mattel presently has an average rating of “Moderate Buy” and a consensus price target of $24.14.

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.