Mattel, Inc. (NASDAQ:MAT) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 15.9% during the fourth quarter, HoldingsChannel reports. The firm owned 10,843,505 shares of the company’s stock after buying an additional 1,491,282 shares during the period. Franklin Resources Inc.’s holdings in Mattel were worth $192,255,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Magnetar Financial LLC purchased a new position in shares of Mattel in the fourth quarter valued at $944,000. Charles Schwab Investment Management Inc. boosted 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 buying an additional 127,064 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Mattel during the fourth quarter valued at about $538,000. DJE Kapital AG purchased a new stake in shares of Mattel during the fourth quarter worth about $1,081,000. Finally, Stratos Wealth Advisors LLC acquired a new position in shares of Mattel in the fourth quarter worth about $1,428,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and upped their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Morgan Stanley raised their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Finally, DA Davidson upped their target price on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.57.

Mattel Stock Performance

NASDAQ MAT opened at $19.43 on Wednesday. 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 has a 50-day simple moving average of $20.28 and a 200-day simple moving average of $19.32. The firm has a market capitalization of $6.27 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period in the prior year, the company earned $0.29 earnings per share. On average, equities analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current 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.