28,337 Shares in Mattel, Inc. (NASDAQ:MAT) Acquired by Empirical Finance LLC

Empirical Finance LLC bought a new stake in Mattel, Inc. (NASDAQ:MAT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,337 shares of the company’s stock, valued at approximately $502,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after purchasing an additional 1,268 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Mattel in the third quarter valued at $29,000. Prospera Private Wealth LLC acquired a new position in Mattel in the third quarter valued at $34,000. West Oak Capital LLC boosted its position in Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after acquiring an additional 1,955 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Mattel by 38.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after acquiring an additional 775 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Morgan Stanley boosted their price target on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. DA Davidson raised their price objective on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and boosted their target price for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. Finally, Bank of America raised their price target on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.57.

Mattel Stock Performance

NASDAQ MAT opened at $21.30 on Tuesday. The company has a market cap of $7.18 billion, a P/E ratio of 13.31, a PEG ratio of 2.32 and a beta of 0.76. The company has a fifty day simple moving average of $18.61 and a 200 day simple moving average of $18.88. The company has a current ratio of 2.38, a quick ratio of 1.88 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $21.88.

Mattel (NASDAQ:MAT) last issued 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 quarter in the previous year, the company earned $0.29 earnings per share. Sell-side analysts predict that Mattel, Inc. will post 1.69 earnings per share for the current fiscal 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.