Foundry Partners LLC Purchases New Position in Mattel, Inc. (NASDAQ:MAT)

Foundry Partners LLC acquired a new position in Mattel, Inc. (NASDAQ:MAT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 28,716 shares of the company’s stock, valued at approximately $509,000.

A number of other large investors have also recently made changes to their positions in MAT. Franklin Resources Inc. increased its position in shares of Mattel by 84.0% during the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after buying an additional 4,270,162 shares during the period. Norges Bank bought a new stake in shares of Mattel during the 4th quarter valued at $54,929,000. Hennessy Advisors Inc. bought a new stake in shares of Mattel during the 4th quarter valued at $53,238,000. Point72 Asset Management L.P. grew its position in shares of Mattel by 54.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,582,369 shares of the company’s stock worth $30,144,000 after buying an additional 558,213 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Mattel by 34.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company’s stock worth $37,760,000 after acquiring an additional 545,300 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Mattel Stock Down 0.8 %

Mattel stock opened at $16.45 on Friday. Mattel, Inc. has a 12 month low of $15.44 and a 12 month high of $22.07. The stock has a fifty day simple moving average of $20.25 and a two-hundred day simple moving average of $19.28. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 2.35 and a beta of 0.51.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results 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 prior year, the firm posted $0.29 EPS. Equities analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

About Mattel

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.