Wealth Enhancement Advisory Services LLC Invests $459,000 in Mattel, Inc. (NASDAQ:MAT)

Wealth Enhancement Advisory Services LLC acquired a new position in Mattel, Inc. (NASDAQ:MAT) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 25,886 shares of the company’s stock, valued at approximately $459,000.

Several other large investors also recently added to or reduced their stakes in the business. EdgePoint Investment Group Inc. raised its position in Mattel by 14.9% in the fourth quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company’s stock worth $818,681,000 after acquiring an additional 5,984,400 shares during the period. Norges Bank bought a new position in Mattel in the 4th quarter worth $54,929,000. Invesco Ltd. lifted its position in Mattel by 468.3% during the fourth quarter. Invesco Ltd. now owns 3,394,958 shares of the company’s stock valued at $60,193,000 after purchasing an additional 2,797,559 shares in the last quarter. Freestone Grove Partners LP purchased a new position in Mattel during the fourth quarter valued at $39,066,000. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in Mattel during the fourth quarter valued at about $33,942,000. 97.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Citigroup lifted their price target on shares of Mattel from $19.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Wall Street Zen raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. The Goldman Sachs Group decreased their price objective on shares of Mattel from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Finally, DA Davidson restated a “buy” rating and set a $30.00 target price on shares of Mattel in a research note on Thursday, May 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.14.

Mattel Trading Up 0.3%

Shares of MAT opened at $19.30 on Friday. The firm has a market cap of $6.23 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 2.35 and a beta of 0.66. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. Mattel, Inc. has a 1 year low of $13.95 and a 1 year high of $22.07. The company has a 50 day simple moving average of $17.36 and a two-hundred day simple moving average of $18.66.

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