25,886 Shares in Mattel, Inc. (NASDAQ:MAT) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new position in Mattel, Inc. (NASDAQ:MAT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,886 shares of the company’s stock, valued at approximately $459,000.

Several other large investors have also bought and sold shares of MAT. CIBC Asset Management Inc increased its stake in shares of Mattel by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 10,962 shares of the company’s stock worth $194,000 after acquiring an additional 601 shares in the last quarter. Xponance Inc. boosted its stake in Mattel by 1.6% during the fourth quarter. Xponance Inc. now owns 46,262 shares of the company’s stock worth $820,000 after acquiring an additional 739 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after purchasing an additional 926 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Mattel by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 148,795 shares of the company’s stock valued at $2,638,000 after purchasing an additional 930 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of Mattel by 3.9% in the 4th quarter. LPL Financial LLC now owns 24,986 shares of the company’s stock worth $443,000 after purchasing an additional 935 shares in the last quarter. 97.15% of the stock is owned by institutional investors.

Mattel Price Performance

Shares of NASDAQ:MAT opened at $19.30 on Friday. The business has a 50-day simple moving average of $17.36 and a two-hundred day simple moving average of $18.66. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 2.35 and a beta of 0.66. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Monday, May 5th. The company reported ($0.03) earnings per share 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 company had revenue of $826.60 million for the quarter, compared to the consensus estimate of $791.49 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on MAT shares. DA Davidson reaffirmed a “buy” rating and set a $30.00 price objective on shares of Mattel in a research report on Thursday, May 15th. Citigroup raised their price target on Mattel from $19.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. The Goldman Sachs Group reduced their price objective 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. 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.