Man Group plc Purchases 6,948 Shares of Mattel, Inc. (NASDAQ:MAT)

Man Group plc grew its position in shares of Mattel, Inc. (NASDAQ:MAT) by 47.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,550 shares of the company’s stock after buying an additional 6,948 shares during the quarter. Man Group plc’s holdings in Mattel were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. grew its stake in Mattel by 14.9% during the fourth quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company’s stock worth $818,681,000 after buying an additional 5,984,400 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Mattel by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company’s stock valued at $587,469,000 after purchasing an additional 355,769 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Mattel by 15.9% during the fourth quarter. Franklin Resources Inc. now owns 10,843,505 shares of the company’s stock valued at $192,255,000 after purchasing an additional 1,491,282 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Mattel by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,673,295 shares of the company’s stock valued at $118,318,000 after purchasing an additional 453,390 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Mattel by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company’s stock valued at $77,847,000 after purchasing an additional 127,064 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

Mattel Trading Down 2.2%

Shares of NASDAQ MAT opened at $19.01 on Tuesday. The company’s 50 day simple moving average is $17.34 and its 200 day simple moving average is $18.64. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. The firm 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 has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00.

Mattel (NASDAQ:MAT) last posted its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.08. The company had revenue of $826.60 million for the quarter, compared to analyst estimates of $791.49 million. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business posted ($0.05) earnings per share. On average, analysts predict that Mattel, Inc. will post 1.7 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on MAT shares. DA Davidson reissued a “buy” rating and set a $30.00 price target on shares of Mattel in a research note on Thursday, May 15th. The Goldman Sachs Group decreased their price target on shares of Mattel from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and increased their price target for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Wall Street Zen raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Citigroup increased their price objective on shares of Mattel from $19.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Mattel has an average rating of “Moderate Buy” and a consensus price target of $24.14.

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.