Two Sigma Investments LP Buys 21,583 Shares of Mattel, Inc. (NASDAQ:MAT)

Two Sigma Investments LP lifted its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 34.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,834 shares of the company’s stock after acquiring an additional 21,583 shares during the period. Two Sigma Investments LP’s holdings in Mattel were worth $1,486,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. EdgePoint Investment Group Inc. increased its position in shares of 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 acquiring an additional 5,984,400 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Mattel by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company’s stock worth $587,469,000 after purchasing an additional 355,769 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Mattel by 15.9% during the fourth quarter. Franklin Resources Inc. now owns 10,843,505 shares of the company’s stock worth $192,255,000 after purchasing an additional 1,491,282 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Mattel by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,673,295 shares of the company’s stock worth $118,318,000 after purchasing an additional 453,390 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Mattel by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company’s stock worth $77,847,000 after purchasing an additional 127,064 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on MAT shares. DA Davidson restated a “buy” rating and set a $30.00 target price on shares of Mattel in a report on Thursday, May 15th. Wall Street Zen upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. The Goldman Sachs Group cut their price target on shares of Mattel from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. Finally, Citigroup lifted their price objective on shares of Mattel from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.14.

Mattel Stock Performance

Shares of MAT opened at $18.74 on Wednesday. The firm has a 50-day moving average of $17.24 and a 200-day moving average of $18.64. Mattel, Inc. has a one year low of $13.95 and a one year high of $22.07. The company has a market cap of $6.05 billion, a PE ratio of 11.71, a price-to-earnings-growth 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 announced its earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.08. The business had revenue of $826.60 million during the quarter, compared to the consensus estimate of $791.49 million. Mattel had a net margin of 10.07% and a return on equity of 25.94%. Mattel’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) EPS. As a group, equities analysts forecast that Mattel, Inc. will post 1.7 earnings per share 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.