Mattel, Inc. (NASDAQ:MAT) Shares Acquired by HS Management Partners LLC

HS Management Partners LLC lifted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,399,700 shares of the company’s stock after purchasing an additional 284,125 shares during the period. Mattel comprises about 2.9% of HS Management Partners LLC’s holdings, making the stock its 20th largest position. HS Management Partners LLC owned 0.71% of Mattel worth $42,547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its position in shares of Mattel by 3.1% during the third quarter. State Street Corp now owns 10,517,270 shares of the company’s stock worth $200,354,000 after purchasing an additional 318,125 shares in the last quarter. Franklin Resources Inc. increased its position in 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 acquiring an additional 4,270,162 shares during the period. Massachusetts Financial Services Co. MA increased its position in Mattel by 0.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company’s stock valued at $119,862,000 after acquiring an additional 27,204 shares during the period. Geode Capital Management LLC increased its position in Mattel by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock valued at $116,896,000 after acquiring an additional 17,309 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Mattel by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company’s stock valued at $77,847,000 after acquiring an additional 127,064 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MAT. StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a research report on Tuesday. 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 report on Wednesday, February 5th. DA Davidson lifted their price objective on Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Finally, Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.57.

Mattel Stock Performance

Shares of MAT stock opened at $20.57 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. Mattel, Inc. has a one year low of $15.87 and a one year high of $22.07. The company’s 50-day simple moving average is $19.48 and its 200-day simple moving average is $19.16. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 2.35 and a beta of 0.76.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 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 previous year, the business earned $0.29 EPS. Equities analysts anticipate that Mattel, Inc. will post 1.7 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.