Fifth Third Bancorp Buys 962 Shares of Mattel, Inc. (NASDAQ:MAT)

Fifth Third Bancorp raised its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 52.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,780 shares of the company’s stock after acquiring an additional 962 shares during the quarter. Fifth Third Bancorp’s holdings in Mattel were worth $54,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EdgePoint Investment Group Inc. boosted its position in Mattel by 14.9% during the fourth quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company’s stock valued at $818,681,000 after purchasing an additional 5,984,400 shares in the last quarter. Norges Bank bought a new stake in Mattel during the fourth quarter valued at about $54,929,000. Invesco Ltd. boosted its holdings in shares of Mattel by 468.3% in the 4th quarter. Invesco Ltd. now owns 3,394,958 shares of the company’s stock valued at $60,193,000 after buying an additional 2,797,559 shares in the last quarter. Freestone Grove Partners LP bought a new stake in shares of Mattel in the 4th quarter valued at about $39,066,000. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Mattel in the 4th quarter valued at about $33,942,000. Institutional investors own 97.15% of the company’s stock.

Mattel Trading Up 0.5%

NASDAQ:MAT opened at $19.06 on Friday. Mattel, Inc. has a 12 month low of $13.95 and a 12 month high of $22.07. The firm has a fifty day simple moving average of $17.82 and a 200-day simple moving average of $18.67. The company has a current ratio of 2.43, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $6.15 billion, a P/E ratio of 12.22, a PEG ratio of 1.95 and a beta of 0.66.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. Mattel had a return on equity of 25.80% and a net margin of 9.82%. The company had revenue of $826.60 million during the quarter, compared to analysts’ expectations of $791.49 million. During the same quarter in the previous year, the firm posted ($0.05) EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. The Goldman Sachs Group lowered their target price 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. Wall Street Zen raised Mattel from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th. Citigroup raised their price objective on Mattel from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Finally, DA Davidson reissued a “buy” rating and issued a $30.00 price target on shares of Mattel in a report on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Mattel has a consensus rating of “Moderate Buy” and an average target price of $24.43.

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.