ProShare Advisors LLC Boosts Stock Position in Mattel, Inc. (NASDAQ:MAT)

ProShare Advisors LLC boosted its holdings in Mattel, Inc. (NASDAQ:MAT) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,762 shares of the company’s stock after buying an additional 949 shares during the quarter. ProShare Advisors LLC’s holdings in Mattel were worth $279,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MAT. EdgePoint Investment Group Inc. increased its holdings in Mattel by 14.9% in the fourth quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company’s stock valued at $818,681,000 after buying an additional 5,984,400 shares during the last quarter. Norges Bank purchased a new position in Mattel in the fourth quarter valued at $54,929,000. Invesco Ltd. increased its holdings in Mattel by 468.3% in the fourth quarter. Invesco Ltd. now owns 3,394,958 shares of the company’s stock valued at $60,193,000 after buying an additional 2,797,559 shares during the last quarter. Freestone Grove Partners LP purchased a new position in Mattel in the fourth quarter valued at $39,066,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Mattel in the fourth quarter valued at $33,942,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

NASDAQ MAT opened at $18.91 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a 52-week low of $13.95 and a 52-week high of $22.07. The business’s 50-day moving average price is $17.28 and its 200 day moving average price is $18.65. The firm has a market cap of $6.11 billion, a P/E ratio of 11.82, a P/E/G ratio of 2.35 and a beta of 0.61.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. Mattel had a return on equity of 25.94% and a net margin of 10.07%. The firm had revenue of $826.60 million for the quarter, compared to analyst estimates of $791.49 million. During the same quarter last year, the company posted ($0.05) earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MAT has been the subject of several research analyst reports. Citigroup upped their price objective on shares of Mattel from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. The Goldman Sachs Group decreased their price objective on shares of Mattel from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Wall Street Zen upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and upped their price objective for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Finally, Morgan Stanley upped their price objective on shares of Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.14.

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.