Stratos Wealth Advisors LLC Makes New $1.43 Million Investment in Mattel, Inc. (NASDAQ:MAT)

Stratos Wealth Advisors LLC acquired a new stake in shares of Mattel, Inc. (NASDAQ:MAT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 80,554 shares of the company’s stock, valued at approximately $1,428,000.

Other large investors also recently modified their holdings of the company. Citigroup Inc. lifted its stake in Mattel by 449.9% in the third quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock worth $5,562,000 after purchasing an additional 238,884 shares during the last quarter. FORA Capital LLC bought a new stake in shares of Mattel in the 3rd quarter valued at about $1,003,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Mattel by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock valued at $81,222,000 after acquiring an additional 114,305 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Mattel by 53.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock valued at $3,283,000 after acquiring an additional 59,845 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in Mattel by 101.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock worth $3,208,000 after acquiring an additional 84,626 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Price Performance

MAT stock opened at $21.43 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $21.88. The firm has a 50-day moving average of $18.51 and a 200 day moving average of $18.84. The company has a market cap of $7.22 billion, a P/E ratio of 13.39, a PEG ratio of 0.88 and a beta of 0.76.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.39% and a net margin of 10.24%. During the same period last year, the company posted $0.29 earnings per share. On average, sell-side analysts forecast that Mattel, Inc. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

MAT has been the subject of several recent research reports. Morgan Stanley boosted their price objective on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday. DA Davidson increased their price target on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America boosted their price objective on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and raised their target price for the stock from $20.00 to $28.00 in a research note on Wednesday. Finally, StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $25.57.

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.