First Trust Advisors LP Lowers Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

First Trust Advisors LP reduced its position in Mattel, Inc. (NASDAQ:MAT) by 7.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 571,790 shares of the company’s stock after selling 43,875 shares during the period. First Trust Advisors LP’s holdings in Mattel were worth $10,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAT. Franklin Resources Inc. boosted its holdings in shares of Mattel by 84.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after purchasing an additional 4,270,162 shares during the last quarter. Norges Bank acquired a new position in shares of Mattel in the 4th quarter valued at $54,929,000. Hennessy Advisors Inc. acquired a new position in shares of Mattel in the 4th quarter valued at $53,238,000. 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 purchasing an additional 2,797,559 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Mattel by 79.5% in the 4th quarter. LSV Asset Management now owns 4,094,465 shares of the company’s stock valued at $72,595,000 after purchasing an additional 1,813,865 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. DA Davidson upgraded shares of Mattel to a “strong-buy” rating in a report on Monday, April 14th. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and lifted their target price for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Finally, Morgan Stanley lifted their target price on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.40.

Mattel Stock Performance

Mattel stock opened at $15.72 on Tuesday. Mattel, Inc. has a 12-month low of $13.95 and a 12-month high of $22.07. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51. 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 firm’s fifty day moving average price is $18.35 and its 200 day moving average price is $18.78.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same quarter in the prior year, the business posted $0.29 EPS. On average, research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

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.