Burns Matteson Capital Management LLC Invests $343,000 in Mattel, Inc. (NASDAQ:MAT)

Burns Matteson Capital Management LLC bought a new stake in shares of Mattel, Inc. (NASDAQ:MAT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 19,318 shares of the company’s stock, valued at approximately $343,000.

A number of other hedge funds have also recently bought and sold shares of MAT. Empirical Finance LLC bought a new stake in shares of Mattel during the fourth quarter valued at approximately $502,000. Empowered Funds LLC increased its holdings in Mattel by 5.3% in the 4th quarter. Empowered Funds LLC now owns 411,591 shares of the company’s stock valued at $7,298,000 after buying an additional 20,599 shares during the period. Stratos Wealth Advisors LLC acquired a new position in shares of Mattel in the 4th quarter valued at $1,428,000. Hantz Financial Services Inc. raised its stake in shares of Mattel by 14.7% in the 4th quarter. Hantz Financial Services Inc. now owns 197,593 shares of the company’s stock valued at $3,503,000 after buying an additional 25,256 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Mattel by 47.4% during the 4th quarter. KBC Group NV now owns 14,984 shares of the company’s stock worth $266,000 after acquiring an additional 4,818 shares during the period. 97.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MAT shares. Bank of America upped their target price on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and increased their target price for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, DA Davidson boosted their price target on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.57.

Mattel Price Performance

Mattel stock opened at $21.48 on Monday. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 2.32 and a beta of 0.76. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $21.88. The company has a quick ratio of 1.88, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The business’s 50-day simple moving average is $18.56 and its 200 day simple moving average is $18.87.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm earned $0.29 EPS. As a group, research analysts anticipate that Mattel, Inc. will post 1.69 earnings per share for the current year.

Mattel 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.