Franklin Resources Inc. increased its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 102.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,112,937 shares of the company’s stock after purchasing an additional 1,573,028 shares during the quarter. Franklin Resources Inc. owned approximately 0.91% of Mattel worth $47,877,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Olstein Capital Management L.P. increased its position in Mattel by 375.4% during the 3rd quarter. Olstein Capital Management L.P. now owns 539,160 shares of the company’s stock worth $8,346,000 after purchasing an additional 425,760 shares in the last quarter. Bank of New York Mellon Corp increased its position in Mattel by 20.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock worth $204,357,000 after purchasing an additional 2,253,399 shares in the last quarter. AE Wealth Management LLC increased its position in Mattel by 36.8% during the 3rd quarter. AE Wealth Management LLC now owns 68,209 shares of the company’s stock worth $1,056,000 after purchasing an additional 18,349 shares in the last quarter. California Public Employees Retirement System increased its position in Mattel by 13.8% during the 4th quarter. California Public Employees Retirement System now owns 1,131,951 shares of the company’s stock worth $17,409,000 after purchasing an additional 136,876 shares in the last quarter. Finally, BB&T Securities LLC boosted its stake in Mattel by 30.7% in the 3rd quarter. BB&T Securities LLC now owns 103,176 shares of the company’s stock worth $1,597,000 after buying an additional 24,205 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.
MAT has been the topic of a number of research analyst reports. Jefferies Group set a $14.00 price target on Mattel and gave the stock a “hold” rating in a research note on Tuesday, December 12th. UBS set a $18.00 price target on Mattel and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Citigroup raised their price target on Mattel from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. BidaskClub raised Mattel from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Finally, Barclays raised their price target on Mattel from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, February 5th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.50.
Mattel stock opened at $13.86 on Monday. Mattel, Inc. has a 52 week low of $12.71 and a 52 week high of $25.97. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.55 and a current ratio of 1.92.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.93). The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.69 billion. Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The business’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. sell-side analysts anticipate that Mattel, Inc. will post -0.02 EPS for the current year.
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Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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